①The French government granted EUR 295 million to the automotive sector at the outset of the Covid-19 crisis. A EUR 5 billion state-guaranteed loan was also extended to the Renault company. ②An investment fund was created to ensure the financial sustainability of the industry, with BPI France, the state, and two companies (Renault and PSA) as main holders (EUR 100 million per stakeholder). Total available financial support for supply chain companies in the automotive sector will amount up to EUR 600 million. ③An additional funding scheme will support future investments to modernise the auto industry, subject to hydrogen technology-based production and production requirements for electric vehicles (EV), with EUR 200 million available as of 2020. View Details >