Renault Will Buy the Parts Inventory of New Fabris

PARIS, FRANCE – July 16, 2009: Renault has supported New Fabris, a supplier of machined aluminum and steel parts, since it was put into court-appointed receivership. This support took the form of significant cash advances in 2008 and 2009. Renault also contributed with the court-appointed administrator to attract offers from potential buyers. Unfortunately, none were in a position to include New Fabris in a group that was both competitive and durable Now that the company has been put into liquidation, Renault is prepared to buy the share of the parts inventory that had been produced for it, subject to their quality, quantity and on condition that the proceeds be used to supplement the indemnities of the employees.