Sarkozy Summons Renault Executives to Meeting Over Clio Production Sites
As we’ve previously reported, after the French magazine La Tribune published the rumor last week, the French Government, who owns 15% of the carmaker, reacted by warning Renualt not to cut any jobs.
Wednesday, French President Nicholas Sarkozy informed the members of the Parliament that, in its fight against unemployment, the state can’t forbid a company to benefit from globalization.
"It is a matter of balance. It would be absurd to prevent a global company from creating factories elsewhere; that goes without saying," stated Sarkozy.
“I want to say very clearly ... that we would not be well disposed toward a decision to have the Clio 4 mainly produced in Turkey. Decisions will come from the meeting that meet the choices that the president of the republic, as a shareholder of the Renault group, will impose upon them," industry minister Christian Estrosi said after a meeting with Renault's chief operating officer, Patrick Pelata.
The French state’s interests have been in a bit of a conflict with Renault’s ones for a long time, as the company has implemented low-cost production in other countries.
If we are to believe the "there is no bad advertising" saying, then we can say that Renault has saved a serious part of its 2010 publicity budget.