Carmakers get access to rescue funds

Author (Person)
Series Title
Series Details 21.10.08
Publication Date 21/10/2008
Content Type

Article reports that German and French carmakers will be allowed to tap their governments' banking rescue plans for financial support. Both the German and French finance ministries said on the 20 October 2008 that the financing arms of carmakers could use the state guarantees for new lending of up to €400bn respectively.
Related Links
ESO: Background information: European auto industry initiates further cutbacks http://www.europeansources.info/record/european-auto-industry-initiates-further-cutbacks/
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