May 18, 2020 / 6:49 AM / 18 days ago

French plan to help auto sector due within 15 days -Le Maire

PARIS, May 18 (Reuters) - France is hoping to announce a plan within 15 days to help the country’s automobile sector, which has been hit hard by the impact of the coronavirus, finance minister Bruno Le Maire told France Info radio on Monday.

Le Maire added the French government also hoped to announce a plan to help the country’s aeronautics sector by July 1.

The government is already working on a roughly 5 billion euros ($5.41 billion) package of state-guaranteed loans for carmaker Renault, which is 15% owned by the state.

$1 = 0.9239 euros Reporting by Sudip Kar-Gupta and Leigh Thomas; Editing by Catherine Evans

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