News Details
Minister admits Renault 'may disappear'
May 25 France's finance minister has admitted Renault may "disappear" as a result of the corona crisis. It was reported last week that the government, which owns a 15 percent stake in the French carmaker, will step in with a EUR 5 billion loan to rescue the embattled marque. But minister Bruno Le Maire has told Europe 1 radio that the loan will not be granted until "we know what Renault's strategy is". He admitted that Renault is in "serious financial difficulty", confirming: "Yes, Renault may disappear." Renault has organised a press conference for Wednesday 27 May, and there are fears and rumours that a severe restructuring plan could involve the...
Full Story »
Full Story »
5y ago from OneStopStrategy.com
0
You May Also Be Interested In...
Renault on the verge of collapsing? Minister France:...
The Minister of Finance in France rang the alarm bell for car...
5y ago from GPBlog.com
End of the road for Renault?
The future of Renault's F1 team could be known by next week, as French car...
5y ago from Pitpass.com
Magnussen admits 'stepping over the line' at times
Haas' Kevin Magnussen admits "overstepping the line" at times...
5y ago from F1i.com
Alonso admits F1 return for 2021 possible
May 19 Fernando Alonso has admitted he is contemplating a return to...
5y ago from OneStopStrategy.com
Elsewhere On The Network
Popular On MGPToday.com
Marc Marquez: 'Speeds will be lower with 850cc bikes,...
No description available...
10h ago from Motorsport.com
The key challenges MotoGP teams will face in the 2027...
No description available...
14h ago from Motorsport.com
VR46 looking for mix of experience and youth in 2027...
No description available...
1d ago from Motorsport.com
Dani Pedrosa reveals the ‘crazy’ training that...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato set for Indy 500 return with Rahal...
No description available...
6h ago from Motorsport.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
6h ago from MotorsportWeek.c...
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
12h ago from MotorsportWeek.c...
Winners and losers from the inaugural Grand Prix of...
No description available...
11h ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
1d ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
1d ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
3d ago from Motorsport.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Leon Osman makes huge Arsenal quadruple claim after...
Former Everton star Leon Osman has backed Arsenal to win a historic...
3h ago from CaughtOffside.com
'Always shine on the biggest stages', 'Worth every...
Arsenal fans have hailed midfielder Eberechi Eze for his showing as they...
3h ago from SportsKeeda.com
Player ratings: Arsenal 2-0 Bayer Leverkusen
Arsenal advanced to the Champions League quarter-final with a comfortable...
4h ago from FreshArsenal.com
Watch: Eberechi Eze scores stunner from outside the...
Arsenal have taken a crucial lead against Bayer Leverkusen, courtesy of a...
5h ago from CaughtOffside.com
Comments
Hottest News
Aston Martin F1 'takeover pitched by new team' as situation...
Aston Martin could be the target of an F1... Read More »
8h ago from GPFans.com
Toto Wolff reveals real reason why Aston Martin dumped...
Toto Wolff has revealed why Aston Martin ended... Read More »
17h ago from MotorsportWeek.com
Honda claim batteries now handling the vibrations but not...
The Chinese Grand Prix was another horrible... Read More »
12h ago from GrandPrix247.com
