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Business

EU watchdog to question Paris over Renault pressure

Text by News Wires

Latest update : 2010-01-14

The EU's competition commissioner, Neelie Kroes, warned that her office will seek explanations about the pressure from French authorities on Renault to prevent the carmaker from moving production of its Clio models to Turkey.

AFP - The EU competition watchdog said Thursday it would seek explanations from France about its pressure to prevent carmaker Renault from moving production of its Clio models to Turkey.

EU Competition Commissioner Neelie Kroes said she had instructed her office to contact the French authorities to seek explanations after they sought to pressure Renault not to shut down factories in France.

"I have consistently taken a tough line against knee-jerk protectionism. Economic nationalism risks setting off a spiral of retaliation that would make the crisis ten times worse and destroy any chance of recovery," said Kroes.

Date created : 2010-01-14

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