France's finance minister admits Renault 'could disappear'

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Bruno Le Maire also says the carmaker needs to adapt to the coronavirus crisis. FMTNews Renault

Le Maire told Europe 1 radio that Renault’s French plant in Flins must not close.

Le Maire told Europe 1 radio that Renault’s French plant in Flins must not close and that the company should be able to keep as many jobs as possible in France, but should also remain competitive.He added Renault chairman Jean-Dominique Senard was working hard on a new strategy plan, and had the support of the French government.

Renault shares were down 2.9% in early trade, underperforming a 1.5% fall on France’s benchmark CAC-40 equity index.

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