French President Emmanuel Macron has announced a massive increase in support for the French car industry. The head of state is thus reacting to the crisis at PSA and Renault – the main reason being the slump in sales due to the Corona crisis.
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At a joint press conference, Germany’s Economics Minister Peter Altmaier and his French counterpart Bruno Le Maire gave details of the first Franco-German battery cell consortium. Above all, the timeline is becoming more concrete.
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Following the arrest of top executive Carlos Ghosn, Nissan wants to put the alliance with Renault to the test. Nissan CEO Hiroto Saikawa hinted as much when calling the business “not equal”. Still, Renault, Nissan and Mitsubishi are prepared to meet and the French state wants its say as well.
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