"Given the situation of the company, the proposal will depend on commitments made by all partners, in particular the customers to maintain the volume of orders and national and local authorities to contribute to financing this operation," Renault said in a release.
"A period of time will be necessary to satisfy these conditions and draft a definitive proposal. Renault agrees to work with personnel representatives and with legal, national and local authorities so that the takeover may become effective as quickly as possible."
On a separate front, Renault yesterday announced a new partnership with Dassault Systems that is supposed to increase productivity and allow the company and its suppliers collaborate on the production of new model designs in real time.
"In the coming years, we will develop collaborative engineering. The partnership with Dassault Systemes will contribute to this strategy. We chose the V6 platform because its integrated PLM environment brings our global teams together through real-time collaboration and online-enabled design anywhere," said Odile Desforges, EVP Engineering and Quality, Renault.
"We have chosen to deploy the full V6 solutions portfolio, simply because it offers a remarkable collaborative, scalable, open and easy-to-use solution."
Additionally, the French carmaker continues to expand its zero emission mobility in all areas of the world, with the first electric car expected to be released sometime around 2011.
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