Renault has no problems in relations with French state: chairman


FILE PHOTO: Chairman of Renault SA Jean-Dominique Senard attends a news conference at French carmaker Renault headquarters in Boulogne-Billancourt, near Paris, France, October 11, 2019. REUTERS/Charles Platiau

PARIS (Reuters) – Renault (RENA.PA) Chairman Jean-Dominique Senard said on Wednesday that relations with the French government were fine, even as the state continues to haggle over finalising a 5 billion euros ($5.5 billion) loan for Renault.

“There are absolutely no problems at all in terms of our relation with the French state,” said Senard.

On Tuesday, French President Emmanuel Macron said the government – which has a 15% stake in Renault – would not sign off on the planned 5 billion euros state loan until management and unions had concluded talks over Renault’s French workforce and sites.

($1 = 0.9124 euros)

Reporting by Sudip Kar-Gupta; editing by Jason Neely

Source : Denver Post