Don't miss

Replay


LATEST SHOWS

BUSINESS DAILY

France could surpass Russia in arms export league

Read more

MEDIAWATCH

The Prosecutor Who Could Save Baltimore

Read more

IN THE PAPERS

Controversial intelligence law goes before French parliament

Read more

IN THE PAPERS

Two shot dead in attack on Mohammed cartoon contest in Texas

Read more

THE WORLD THIS WEEK

The Right to Offend: Writers to Boycott Charlie Hebdo PEN Award

Read more

THE WORLD THIS WEEK

Nepal Earthquake: Death Toll Continues to Rise, Thousands Missing

Read more

FRANCE IN FOCUS

Central African Republic: French soldiers face sex abuse allegations

Read more

#THE 51%

UK elections: Does the women's vote count?

Read more

REVISITED

Questions remain 7 years after China's Sichuan quake

Read more

Business France

French govt pledges up to €6 billion for carmakers

Latest update : 2009-01-21

Meeting with car-manufacturing executives Tuesday, French Prime Minister Francois Fillon said his government was prepared to inject up to 6 billion euros of state funds to help the ailing industry weather the financial crisis.

AFP - Struggling French carmakers will get up to six billion euros (7.7 billion dollars) of state aid to help the key industry survive the financial crisis, the prime minister said Tuesday.
  
Francois Fillon made the announcement at a meeting with executives from car manufacturing companies, parts suppliers and union leaders to agree on a broad plan dubbed a new "auto pact."
  
Facing collapsing demand, Renault, PSA Peugeot Citroen and their suppliers have dramatically cut production and shed thousands of jobs as they struggle to stay afloat in the global economic downturn.

Date created : 2009-01-20

COMMENT(S)