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Luc Chatel announces implementation of the Automobile Pact on a visit to Renault Trucks

Secretary of State for Consumer Affairs and Industry Luc Chatel visited the Renault Trucks site in Saint-Priest (69) last Thursday 12 March and announced the implementation of the Automobile Pact. For the heavy trucks branch, the Pact should include a loan of 250 million euros to Renault Trucks to allow the company to finance research into cleaner vehicles and to ensure compliance with Euro 6 standards that will enter into effect in 2013.

Luc Chatel paid a visit to the Renault Trucks facilities in Saint-Priest (69) as part of his tour of the Rhône-Alpes region. The Secretary of State for Consumer Affairs and Industry was welcomed by Renault Trucks President and CEO Stefano Chmielewski, and he toured the research and development offices as well as the Renault Trucks Design Hall.  At the press conference held at Renault Trucks, Luc Chatel gave details of the terms of application of the provisions of the Automobile Pact announced by the French President on 9 February last.

Renault trucks should receive a 250-million euro loan to help the company to finance research into cleaner vehicles and to ensure compliance with Euro 6 standards that will enter into effect in 2013.

Thanks to the Government’s support, and once the agreement has been signed, Renault Trucks would be available to benefit from a loan of 250 million euros. The news has been favourably received by Renault Trucks and its parent company, the Volvo Group. The loan would help the company firstly to finance its research into cleaner vehicles and to ensure compliance with the Euro 6 standards coming into effect in 2013, and secondly to consolidate its sites while at the same time improving skills and preserving the personnel’s link with employment. Renault Trucks will therefore not be introducing a redundancy scheme in 2009.

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