Sarkozy forced Renault to maintain their loss-making plants in France
By admin at 15 February, 2010, 9:16 am
French President Nicolas Sarkozy has actually forced Renault to change strategy and change plans to move production of the new model Clio IV of France in Turkey.
A few days before the meeting the heads of automobile concern Carlos Ghosn with President Sarkozy, France"s Industry Minister Christian Estrosi said that the authorities would not allow Renault to move production, and did not rule that the government may increase the stake to 20% (currently - 15% ) so that more control over its strategy.
"If the French car is for sale in France, it must be made in France, - he explained. - Maybe the increase in the share will be a psychological step that will make them understand that we will not let the French automotive industry to develop their own power."
At the meeting the Minister said Carlos Gonu, that the state allocates money to support the automotive industry is not for the fact that the French factories moved abroad. In February 2009 the French authorities have identified Renault and Peugeot Citroen to 3 billion euros in exchange for promisef73s not to close factories in the country and preserve jobs.
"I categorically disagree with the belief that large companies have no nationality because they are the world," - supported the Minister of the French president.
According to rumors, arguing the intention to establish tighter control over enterprises, Nicolas Sarkozy has even said: Renault - c "est moi (Renault - that"s me), thus paraphrasing a famous dictum, supposedly uttered by Louis XIV.
already decided that the state send a representative to the Strategic Planning Committee Renault. Later commercial and CEO Jerome desk said that the decision to postpone the planned production for 2013 Clio IV in the Turkish city of Bursa pending.
The report
investbrokerov Nomura Equity Research says that in 2010 the only product that will disperse in the market - "is a family Megane /Scenic". The greatest benefit Renault could get through increased presence in emerging markets (40% of all sales) and the localization of production in these countries.
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