Coronavirus: Renault aims to avoid renationalisation, says chairman

Renault may seek French government guarantees to bolster its finances in the face of coronavirus but a renationalisation of the car maker is not being
...
File photo (AFP)
File photo

Renault may seek French government guarantees to bolster its finances in the face of the coronavirus crisis, but a renationalisation of the car maker is not being considered, Chairman Jean-Dominique Senard told Le Parisien newspaper.

"We may seek state guarantees like other companies," Senard was quoted as saying by the French daily. Invoking the last global financial crisis, when Renault received a 3 billion euro ($3.2 billion) government loan, Senard said a renationalisation was "not on the agenda" as things stand.

Also check these Vehicles

Find more Cars
Renault Duster 2025 (HT Auto photo)
UPCOMING
Engine Icon1499 cc FuelType IconPetrol
₹ 10 Lakhs
View Details
Renault Kwid (HT Auto photo)
Engine Icon999 cc FuelType IconPetrol
₹ 4.70 - 6.45 Lakhs
Compare
View Offers
Renault Kardian (HT Auto photo)
UPCOMING
Engine Icon1199 cc FuelType IconPetrol
₹ 11 Lakhs
View Details
Renault Kiger (HT Auto photo)
Engine Icon999.0 cc FuelType IconPetrol
₹ 6.50 - 11.23 Lakhs
Compare
View Offers
Renault Triber (HT Auto photo)
Engine Icon999.0 cc FuelType IconPetrol
₹ 6.33 - 8.97 Lakhs
Compare
View Offers
Renault City K-ze (HT Auto photo)
UPCOMING
BatteryCapacity Icon26.8kWh Range Icon271 Km
₹ 6 - 10 Lakhs
View Details

"Remember that in 2008-2009 we never got to that point," he said, adding that orders for some models were currently down 90%.

First Published Date: 23 Mar 2020, 14:10 PM IST
NEXT ARTICLE BEGINS

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city

Want to get the best price for your existing car?

Powered by: Spinny Logo
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city
Couldn't verify the OTP.
It's either expired or it's incorrect.