7,500 Jobs Lost in France Due to Renault’s New Measures

Renault’s announcement January 15 to cut 7,500 people from its workforce puts the company in a group of European automakers who are all struggling in the post-recession economy.  As demand for automobiles has fallen, sales and profits have followed suit, and companies are finding ways to deal with the problem. Blame for the drop in […]

Key to Auto Industry: the Environment

“This plan is the rebirth of the French car,” Arnaud Montebourg declared on Wednesday during a press conference held to detail the measures to help French manufacturers and their subcontractors. Primarily focused on the environmentally friendly car, the Productive Recovery Minister explained that, “the future of the French automobile will come through a clean, innovative, […]