11.07.2011 - France to withdraw investment in Renault battery plant
In a significant blow to Renault’s electric vehicle battery programme, the French Strategic Investment Fund has decided to withdraw its plans to invest €125million in the project. According to reports in La Tribune, a €100million public loan will also no longer be granted. Currently,Franceowns a 15 per cent stake in Renault which is investing €4billion, along with its alliance partner Nissan, into its electric vehicle programme..............................................Full Article: Source
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