Is Renault Going Bankrupt?

Is Renault going bankrupt? France's Economy Minister says the automotive giant has asked for 5 billion euros in financial support. French Economy Minister Bruno Le Maire made the remarks on Renault. He said the company was experiencing serious financial problems due to the Coronavirus outbreak and that the automotive giant could go bankrupt if it did not receive immediate support. “Action Must Be Taken Immediately” Jean-Dominique Senard, the chief executive of Renault, which has suffered serious economic problems due to the Coronavirus outbreak, is trying to develop a new strategy, France's Economy Minister said on Friday. However, the chairman of the board announced that they had the full support of the French government. France's Economy Minister told Le Figaro newspaper that Renault had requested 5 billion euros in financial support in an attempt to dodge the crisis, but that the automotive giant's application had not yet been approved.