Renault is looking to tighten the belt in order to save €2 billion ($2.2 billion) by 2022 as part of a massive cost-cutting plan.

To do so, they will reportedly close several factories in France. Citing local media, AutoNews claims that one of the facilities in danger is in Dieppe, one of the smallest in the automaker’s portfolio with around 400 employees.

The Dieppe plant is where previous Renaultsport models used to come to life, in addition to the Bolloré BlueCar EVs (under contract). It’s also where the resurrected Alpine brand has been making the new A110 sports car since 2017.

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The Porsche 718 Cayman rival hasn’t been doing that well on the European market, as only 61 units were registered across the continent in February. According to CarSalesBase, 4,376 were delivered last year and 1,950 in 2018.

Renault’s assembly plant in Flins, near Paris, which has been operational since 1952, could also be included in the plan. This is where the Zoe electric hatchback and Nissan Micra subcompact are made. Last year, the facility lost a big portion of its business when production of the Clio was moved to Turkey and Slovenia.

Two more factories will allegedly be closed: the Choisy-le-Roy site which employs around 250 people and reconditions components, and Morbihan in the west of France, home to roughly 400 employees. In total, six models are in danger of facing the ax, including the Megane, Koleos, Talisman, Scenic and Espace, in addition to Alpine A110.

On a more positive note, Renault, which is partially owned by France, is on the edge of securing a €5 billion ($5.5 billion) state-backed loan to help it cope with the losses caused by the coronavirus pandemic, Reuters reports. However, it’s unknown whether this will be enough to put a pin in the rumored decision to close the aforementioned factories.

Renault May Close Four French Plants, Alpine A110 And Five Other Models In Danger
Renault May Close Four French Plants, Alpine A110 And Five Other Models In Danger
Renault May Close Four French Plants, Alpine A110 And Five Other Models In Danger
Renault May Close Four French Plants, Alpine A110 And Five Other Models In Danger
Renault May Close Four French Plants, Alpine A110 And Five Other Models In Danger
Renault May Close Four French Plants, Alpine A110 And Five Other Models In Danger
Renault May Close Four French Plants, Alpine A110 And Five Other Models In Danger
Renault May Close Four French Plants, Alpine A110 And Five Other Models In Danger
Renault May Close Four French Plants, Alpine A110 And Five Other Models In Danger
Renault May Close Four French Plants, Alpine A110 And Five Other Models In Danger
Renault May Close Four French Plants, Alpine A110 And Five Other Models In Danger
Renault May Close Four French Plants, Alpine A110 And Five Other Models In Danger