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.
In a filing to the Stock Exchange of Hong Kong, state-owned Brilliance China, which controls 51% of the joint venture, said Renault Brilliance Jinbei Automotive has halted production and "has not been able to meet its current financial obligations."
