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Shook one of the pillars of the local automotive industry – Renault, and understandably so: in April, sales of cars in the country declined by almost 89 percent from last year, and many factories were forced to work in a quarter of the strength, if not less. The situation is so alarming that the Minister of economy and Finance of France Bruno Le Mayor recently said in an interview with the newspaper “Le Figaro” that “now we are talking about the existence of the company,” and then, speaking on one radio, he added: “Renault” may disappear”.

of Course, the authorities will not admit that the flagship of the French automotive industry went down. Otherwise, local voters they would not forgive. To support the automaker afloat, the French state, and it is, by the way, is its main shareholder (15% of the capital), intends to provide a Bank loan of five billion euros. However, such a massive infusion of cash due to a number of conditions.

And one of them is the return of some production from abroad into the national territory. This is clearly said Bruno Le Mayor: “In my opinion, our automakers too carried away with the removal of production outside the country, it’s time, albeit partially, to bring it back.” Note that such a move is under a very real basis. According to expert estimates, only 18 percent of Renault cars descend from the conveyor of factories located in France. The situation in other automotive concern PSA (Peugeot Citroen) is a little better – there, the figure is 36 percent. Moreover, relocalization business from distant countries with cheap labour and favourable tax regime, now the growing trend. For this reason, in the past month, a group of deputies of the National Assembly, which constituted an ambitious program of transformation of the country after the disaster coronavirus, among the fundamental measures, it spelled out, highlighted the necessity of carrying a number of industries, including strategically important to the European continent.

in Addition, the government insists that Renault has abandoned plans to close several factories in France, about what was discussed in doverennye times. But not only that. In the list of conditions put forward by the Directorate of the concern, the requirement to strengthen the development and production of electric vehicles and establish more equitable relationships with contractors.

As we believe, in order to obtain billions of dollars in “lifeline” from the government, these conditions will be accepted. Moreover, as it became known, this week should be released the General plan of the conclusion of the whole industry. According to some, it will be marked with additional subsidies for the purchase of electric cars and hybrid cars. These measures of power nama��awayda to revive the departed almost zero market sales of cars in the country.

Supporting manufacturers, the French government does not forget about the other heavyweights of the local economy. Seven billion has already been allocated to the national airline Air France. According to Bruno Le Mayor, the government is “fully prepared and in large quantities” to help Airbus, whose position is also far from brilliant. The results of the first quarter of this year, its turnover fell by 15 percent and operating profit fell by almost half. As the Minister said previously clear conditionality and Air France was the mandatory acquisition of aircraft from Airbus.

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Jennifer Alvarez is an investigative journalist and is a correspondent for European Union. She is based in Zurich in Switzerland and her field of work include covering human rights violations which take place in the various countries in and outside Europe. She also reports about the political situation in European Union. She has worked with some reputed companies in Europe and is currently contributing to USA News as a freelance journalist. As someone who has a Masters’ degree in Human Rights she also delivers lectures on Intercultural Management to students of Human Rights. She is also an authority on the Arab world politics and their diversity.