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Boulogne-Billancourt (dpa) - The French carmaker Renault posted a record loss of eight billion euros last year, mainly because of deep red numbers at its Japanese partner Nissan.
In 2019 there was a comparatively small loss of 141 million euros, as Renault announced on Friday in Boulogne-Billancourt near Paris.
Consolidated sales fell by 21.7 percent to 43.47 billion euros in 2020.
The manufacturer has been in crisis for a long time and was also hit by the economic consequences of the coronavirus pandemic.
Renault had already announced the reduction of 15,000 jobs worldwide and cost savings of around three billion euros.
The carmaker had taken out four billion euros from a state-guaranteed credit line of up to five billion euros, the company said.
Renault has a 43.4 percent stake in Nissan.
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© dpa-infocom, dpa: 210219-99-505381 / 3
Communication from Renault (French)