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
How three different problems plagued Ducati's Czech GP...
No description available...
10h ago from Motorsport.com
Marc Marquez wins Brno MotoGP Sprint race
Marc Marquez continued his Saturday afternoon dominance with another...
14h ago from MotorsportWeek.c...
Pedro Acosta turns around ‘dark’ MotoGP season...
No description available...
12h ago from Motorsport.com
MotoGP Czech GP: Marc Marquez recovers from tyre...
No description available...
14h ago from Motorsport.com
Popular On IndyCarToday.com
IndyCar Toronto – Qualifying Results
A knockout qualifying session for the NTT IndyCar Series took place on...
7h ago from MotorsportWeek.c...
Colton Herta hauls in IndyCar pole in Toronto
IndyCar completed a busy qualifying session on the streets of Toronto...
8h ago from MotorsportWeek.c...
Colton Herta takes pole as he aims for IndyCar Toronto...
No description available...
5h ago from Motorsport.com
Andretti tops Team Penske in IndyCar’s second...
IndyCar took to the streets of Toronto on Saturday morning, turning...
12h ago from MotorsportWeek.c...
Popular On TotalWRC.com
SuperSwede Solberg in command on Rally Estonia
Oliver Solberg continued his domination of WRC Delfi Rally Estonia on...
9h ago from MotorsportWeek.c...
WRC: Oliver Solberg still leading after Saturday Rally...
No description available...
8h ago from Motorsport.com
Oliver Solberg almost doubles Rally Estonia lead as...
No description available...
17h ago from Motorsport.com
Rally Estonia leader Oliver Solberg hit with suspended...
No description available...
19h ago from Motorsport.com
Popular On GunnersToday.com
'Protect your ankles, we are enemies now' - Chelsea...
Chelsea defender Wesley Fofana has sent a message to former teammate Noni...
10h ago from SportsKeeda.com
“It’s been good. It’s got to be better!” -...
Arsenal legend Thierry Henry has delivered his verdict on the performance...
11h ago from SportsKeeda.com
£20m asking price set: Chelsea star put up for sale...
Chelsea winger Raheem Sterling is reportedly up for sale for just £20m...
15h ago from CaughtOffside.com
Report: Five players Chelsea could use in a deal to...
Chelsea remain interested in signing Morgan Rogers from Aston Villa, and...
16h ago from CaughtOffside.com
Comments
Hottest News
Fans call for driver to be arrested after FLIPPING rival in...
You thought Max Verstappen completely lost his... Read More »
7h ago from GPFans.com
'Angry' Christian Horner phone call revealed as Red Bull F1...
Christian Horner’s priorities have been... Read More »
10h ago from GPFans.com
MOTOGP: Germany extends its contract with MOTOGP until 2031
On the back of the Grand Prix of Germany, MotoGP... Read More »
3h ago from F1Technical.net
