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

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 sources said, before being approved formally by the economy ministry. A Renault spokesman was not..