On Friday, French Finance Minister Bruno Le Maire stated, unless Renault adapts it could disappear. The development underscores the amount of support the French automaker requires in order to cope with the fallout from the coronavirus pandemic.

In an interview with Europe 1 radio, Le Maire stated, Renault’s French plant in Flins must not close and that the French carmaker should be able to keep as many jobs as possible in France while remaining competitive.

“Yes, Renault could disappear,” said Le Maire.

He went on to add, Renault chairman Jean-Dominique Senard was working hard on a new strategic plan and that Senard had the support of the French government.

In an interview with French newspaper Le Figaro, Le Maire said, France was ready to provide Renault a $5.5 billion (5 billion euros) loan and that discussions on the same were ongoing.