French Finance Minister Says Renault May Disappear

French Finance Minister Bruno Le Maire  said in an exclusive interview with the “Europe 1” radio station that if Renault could not get help as soon as possible to cope with the coronavirus crisis The impact may disappear. Lemaire said that Renault ’s Flins plant in France must not be closed, and Renault should be able to retain job opportunities and remain competitive in France as much as possible.

Lemaire revealed that Jean-Dominique Senard, chairman of Renault, is working hard to develop a new strategic plan, and he has received the support of the French government. Lemer also told the Figaro newspaper that he has not approved a loan of 5 billion euros for Renault, and the matter is still under discussion.

The European Automobile Manufacturers Association (ACEA) announced on May 19 that the number of new car registrations in the EU fell by 76.3% to 270,682 units in April 2020 compared with the same period in 2019. ) The epidemic has caused the majority of exhibition rooms to be closed for a whole month.

In April, the Renault Group’s EU new car registrations decreased by 79.0% to 27,740 units, and from January to April decreased by 47.0% to 276,106 units.

Nissan’s new car registration in the EU decreased by more than 80% annually in April

Nissan is considering reducing manpower in Europe and some emerging economies in an effort to streamline production operations and thus restore damaged businesses. Nissan Motor said in July last year that it will lay off 12,500 people at 14 production sites around the world as of March 2023 as part of a restructuring plan. The deteriorating business during the pandemic prompted Nissan to take additional reform measures, including the closure of the Spanish plant, the Indonesian plant and other emerging market plants.

According to data released by ACEA, Nissan’s new car registrations in the EU decreased by 84.5% to 3,771 units in April, and 40.3% to 64,759 units from January to April.

U.S. motor vehicle assembly plummeted by 98% in April

The Federal Reserve (FED) announced on May 15 that the annual rate of motor vehicle assembly in the United States in April 2020 (adjusted for seasonal factors) plummeted 98% to 1.80 million from 7.18 million in March, starting in 1967. The lowest record since The highest monthly decline.

The Census Bureau of the US Department of Commerce announced on May 15 that the annual retail sales of motor vehicles and related parts in April decreased by 32.9% (monthly decrease of 12.4%) to 68.532 billion US dollars, the lowest since August 2011, and the annual decline began in 1993 The highest since statistics.

From February to April 2020, the retail sales of motor vehicles and related parts in the United States decreased by 17.2% annually (20.5% quarterly)

 

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French Finance Minister Says Renault May Disappear - /10

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French Finance Minister Bruno Le Maire  said in an exclusive interview with the "Europe 1" radio station that if Renault could not get help as soon as possible to cope with the coronavirus crisis The impact may disappear.

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