PARIS (Reuters) – A further investment by the French government in Renault’s
“I’ve said that it isn’t on the table,” Jean-Dominique Senard told a hearing in the lower house of the French parliament. “I have nothing against the state, I’m just saying that it’s not useful to spend taxpayer money to invest it in a company which needs to find its own resources.”
Renault is 15% owned by the French government. It tapped state aid to help cope with the coronavirus pandemic via a 5 billion euro ($5.69 billion) state-guaranteed loan.
(Reporting by Gilles Guillaume and Sarah White; editing by Jason Neely)