Renault To Cut Nearly 15,000 Jobs

The company plans to cut 15,000 jobs and reduce vehicle production capacity due to financial struggles amid the COVID-19 pandemic. A press release outlines a strategy to save $2.2 billion over three years and enhance competitiveness. The company also aims to lower its global production from 4 million to 3.3 million vehicles by 2024. A 25% sales drop has led to negotiations for an emergency loan with the French government. Meanwhile, Nissan, a partner company, will close plants in Spain and Indonesia to address its financial challenges.

What is the primary reason for the company's decision to cut 15,000 jobs?

• To hire more employees

• To increase production capacity

• To save $2.2 billion over three years

• To expand into new markets

By how much does the company plan to reduce its global vehicle production capacity by 2024?

• From 4.5 million to 3.8 million

• From 5 million to 4 million

• From 4 million to 3.3 million

• From 3 million to 2.5 million

What was the percentage drop in sales during the first quarter of 2020?

• 30%

• 25%

• 20%

• 15%

Which government is the company negotiating with for an emergency loan package?

• The Italian government

• The Spanish government

• The French government

• The German government

Which countries are affected by Nissan's decision to close auto plants?

• Germany and Italy

• France and Portugal

• Brazil and Argentina

• Spain and Indonesia