France vows to support PSA, Renault in coronavirus crisis
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PARIS (Reuters) - The French government has told carmakers PSA and Renault they are entitled to help such as guarantees on loans and leeway on bills as it seeks to help companies cope with the fallout from the coronavirus pandemic. The autos industry worldwide has been hit hard by the health crisis, first as production stalled in China, where the virus originated, and now as it spreads in Europe, where some governments are ordering unprecedented lockdowns to contain it.France outlined a series..