Nissan Could Cut 20,000 Jobs, As France Says 'renault Could Disappear'

Nissan could cut 20,000 jobs, as France says 'Renault could disappear'

PARIS/TOKYO — Europe's car industry was put on alert for more job losses on Friday as a French minister 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.