Don't miss

Replay


LATEST SHOWS

EYE ON AFRICA

Tunisia's Parliament votes on new Government

Read more

MEDIAWATCH

French court rules #burkini ban "clearly illegal"

Read more

THE WORLD THIS WEEK

Biden in Turkey, Colombia Peace Deal, Ethiopia Olympic Protest (part 2)

Read more

THE WORLD THIS WEEK

Earthquake in Italy, French Burkini Ruling (part 1)

Read more

FRANCE IN FOCUS

The hidden secrets of Les Invalides

Read more

FOCUS

Pro-Opposition stronghold Port-Gentil feverishly awaits presidential elections

Read more

ENCORE!

Alexis Michalik: treading the boards in the footsteps of 'Edmond'

Read more

REPORTERS

Getting away with murder in DR Congo

Read more

IN THE PAPERS

'Why does Italy refuse to see the seismic risk?'

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)