With France’s biggest car manufacturer, PSA Peugeot Citroen, cutting jobs and posting record losses, the French government responded to the crisis in the auto sector Wednesday by unveiling a raft of measures aimed at promoting green cars.
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from across the channel it looks like another potential illegal subsidy (EU Rules) by the French Government, well they are well known for ignoring EU rules when it suits them.
If the car manufacturer cannot make a profit legally it should go bust.
It won't save the industry. They tried that in the US. Hardly anyone wants to buy them. You can make all the electric cars you want but they just sit on the lot. Voodoo economics at work.
In the end, lopsided green-expenditure is Marxian wealth redistribution. Second-world countries should expend matching ratios of their GDP on green investment.
It's a joke right? Or is France trying to go bankrupt and bring PSA along for the ride. Let's see do you buy am 8,000 Euro car with great gas mileage or a 30,000 Euro electric car that has the same environmental impacts (electricity does not come from unicorn farts), with the problem of recycling the batteries...
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