World : France to Put $2 Billion Into Renault
The government has decided to proceed with a $2-billion capital injection for Renault, the state-owned auto maker, the Industry Ministry announced today.
The announcement was the latest development in a dispute between France and the European Economic Community over France’s plans to make Renault solvent by easing its debt burden. The EEC’s executive commission wants Renault operated as a normal company rather than a government authority. The French agree but want to make sure they can continue to finance the company.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
