Renault: the state guarantee for the loan granted without "very difficult constraints"

The granting of a public guarantee on the loan of 5 billion euros requested by Renault does not come with " very difficult constraints ," the manufacturer's president Jean-Dominique Senard said on France Info on Monday. " We had some commitments (...) which were not very complicated for us because in any case we would have taken them, it was of the type 'the suppliers must be settled' ", he said. he said, also evoking the respect " without time lag " of European constraints on CO2. “ So these were not very difficult constraints for us. "

Jean-Dominique Senard also welcomed the support provided by the State with this guarantee on the loan that the builder requested and insisted that this bank loan was linked to a question of cash flow due to the pandemic of coronavirus, unrelated to the strategic plan unveiled last week with partners of the French manufacturer within the Renault-Nissan-Mitsubishi Alliance.