Renault moves line to France

Agence France-Presse

"It is a Slovenian production line," Fabien Gache, CGT union leader at the carmaker, told Europe 1 radio. "It would be appear to be a line that produces the Clio II model," he added.

Earlier French Junior Minister for Industry Luc Chatel told the radio that Renault would announce Friday it was bringing a foreign production line back to France, saying the move would create 400 jobs at the Flins plant near Paris.

Renault last month announced a 78-percent fall in profit for 2008, as the economic crisis sent its sales tumbling 30 percent in the fourth quarter.President Nicolas Sarkozy has agreed to lend auto makers PSA Peugeot Citroen and Renault 3 billion euros ($4.1 billion) each in exchange for a promise not to close French factories or dismiss French workers.