Europe’s car industry was put on alert for more job losses as Nissan considers 20,000 layoffs
) have been in a carmaking alliance for the past two decades and are due to announce a strategy update next Wednesday.
French finance minister Bruno Le Maire, who is considering a 5 billion euro loan for Renault to help it through the crisis, warned on Friday the company’s future was at stake.Le Maire said Renault’s French plant in Flins mustn’t close and the company should be able to keep as many jobs as possible in France, but also said it needed to adapt and be competitive.The Flins factory, northwest of Paris, is where Renault makes its electric Zoe models and the Micra car for Nissan.
FILE PHOTO: French Economy and Finance Minister Bruno Le Maire speaks during a presentation of the details for the end of the country's lockdown imposed to curb the spread of the coronavirus disease , at the Hotel Matignon in Paris, France May 7, 2020. Christophe Archambault/Pool via REUTERS
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