Renault's state-backed loan carries no major conditions, says chairman
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PARIS (Reuters) - French carmaker Renault's chairman, Jean-Dominique Senard, on Tuesday said that the 5 billion euro state-backed loan due to granted by the government comes without any major conditions.Senard also told franceinfo radio that the company aims to present a new strategic plan, including the vision for its brands, by the end of the year after a new CEO comes on board.Renault last week unveiled plans to cut about 15,000 jobs, shrink production and restructure French plants.