Renault to Cut 14,600 Jobs Worldwide

The video discusses Renault's financial struggles, including plans to cut 15,000 jobs worldwide, with 4,600 in France, despite receiving a €5 billion state-backed loan. This raises concerns about using taxpayer money for job cuts. The video also covers Volkswagen's expansion in China, aiming to become the largest shareholder in a battery company and acquiring a 50% stake in a Chinese electric vehicle partner. This move is significant given the European focus on protecting businesses from foreign interests.

How does the situation of Renault compare to that of its German peers in the auto industry?

What are the concerns regarding the use of taxpayer money in relation to job cuts?