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Automobiles

Renault China JV seeks bankruptcy restructuring in court

Move follows sales slump for van-making partnership with Brilliance Auto

Renault Brilliance Jinbei Automotive has halted production and “has not been able to meet its current financial obligations," its Chinese parent said.   © AP
KENJI KAWASE, Nikkei Asia chief business news correspondent | China

HONG KONG -- Renault's commercial vehicle manufacturing joint venture in China is seeking bankruptcy restructuring in court in the latest in a series of setbacks for the French automaker and local partner Brilliance China Automotive Holdings.

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