French government warns car giant Renault could disappear unless it gets aid

Europe’s car industry has been put on alert for more job losses as the French government warned Renault could disappear if it didn’t get help soon and a Japanese news report said partner Nissan was considering 20,000 layoffs, with many in Europe.

Renault and Nissan have been in a carmaking alliance for the past two decades and are due to announce a strategy update next Wednesday.