PARIS -- The French authorities has advised PSA and Renault they're entitled to assist resembling ensures on loans and leeway on payments because it seeks to assist firms deal with the fallout from the coronavirus pandemic.

France outlined a collection of measures this week to assist companies survive the disaster, together with 300 billion euros ($325 billion) in authorities mortgage ensures, and the deferral of taxes and payroll fees for people who want it.

Finance minister Bruno Le Maire held a name with PSA boss Carlos Tavares and Renault executives together with Chairman Jean-Dominique Senard on Wednesday to debate the automotive business's prospects, and stated they'd be entitled to those measures too if wanted, a ministry official stated.

"The scenario is extraordinarily clear ... it's out of the query to see huge French firms, industrial icons disappear," Le Maire advised BFM Enterprise radio, forward of his assembly with the automakers. "If to guard our nationwide industrial heritage, we have now to resort to...