June 11, 2020 / 7:00 AM / a month ago

French minister hopes for French auto industry recovery in June, July

French Economy and Finance Minister Bruno Le Maire addresses a press conference after the weekly cabinet meeting on June 10, 2020 in Paris, France. Ludovic Marin/Pool via REUTERS

PARIS (Reuters) - French Finance Minister Bruno Le Maire told LCI television on Thursday that he hoped the country’s automobile industry, which has been hit hard by the coronavirus crisis, would report stronger figures over the months of June and July.

Earlier this month, Renault (RENA.PA) finalised a 5 billion euro ($5.7 billion) loan with the French government, strengthening the carmaker’s finances in the wake of the coronavirus pandemic.

Reporting by Sudip Kar-Gupta; Editing by Edmund Blair

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