Transportation
France Wants Stellantis, Renault to Favor Local Car Suppliers
An assembly line at the Stellantis NV auto plant in Sochaux, France.
Photographer: Nathan Laine/BloombergFrance wants Stellantis NV and Renault SA to favor local parts suppliers to protect jobs and keep know-how in the region as Europe’s automakers deepen ties with manufacturers from China.
The two carmakers “must play their part on European preference, including in terms of purchases with their suppliers,” French Finance Minister Roland Lescure said in an interview published in La Tribune Dimanche’s May 17 edition. “Industrial sovereignty must be a collective battle.”