Renault heirs fail in bid to reverse nationalisation for Nazi 'collaboration'Breaking News
A Paris court has rejected a bid by heirs of the founder of French carmaker Renault to be compensated for the nationalisation of the company at the end of World War II when their grandfather was dubbed a Nazi collaborator.
The court rejected a challenge to the 1945 nationalisation under a new judicial procedure that allows plaintiffs to challenge the constitutionality of legislation.
They claimed that the state takeover was a "violation of fundamental legal and property rights".
The seven grandchildren of founder Louis Renault said they would appeal against the decision.
Louis Renault founded Renault with his brothers in 1898. During the Nazi occupation the company was placed under German control and made equipment for German forces, leading to allied planes bombing its factories....
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