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France's Renault reaches deal on 5 billion euro state-backed loan - sources

Renault ramps up production at its factory of Flins, near Paris
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PARIS (Reuters) - French carmaker Renault has sealed a deal with banks on a 5 billion-euro (4.46 billion pounds) state-guaranteed loan to help the company to cope with the coronavirus outbreak, two sources close to the matter told Reuters on Tuesday. The state-guaranteed loan, which Renault had been working on for about a month, should be submitted shortly to the board of directors, the..
Date Published: May 19, 2020
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