| Author (Person) | Hall, Ben |
|---|---|
| Series Title | Financial Times |
| Series Details | 21.1.09 |
| Publication Date | 21/01/2009 |
| Content Type | News |
|
Article reports that the French government is preparing a €5bn-€6bn rescue plan for the country’s car industry hit by plunging demand, the credit crunch and longer-term decline in competitiveness. Francois Fillon, the French Prime Minister, said on the 20 January 2009 that Paris intended to provide 'massive' support for manufacturers, principally Renault and PSA Peugeot Citroën, as well as suppliers and distributors in France. The bulk of the money is likely to come in the form of soft loans for which France will need the approval of the European Commission. |
|
| Related Links |
|
| Countries / Regions | France |
