Archive for February 12th, 2009
France says auto bail-out not protectionist
France on Wednesday fiercely defended its plan to pump almost nine billion euros into its struggling carmakers after EU countries labeled it protectionist and called a crisis summit.
President Nicolas Sarkozy announced plans to lend PSA Peugeot Citroen and Renault three billion euros (3.9 billion dollars) each on top of other measures in exchange for a [...]
Posted: February 12th, 2009 under Manufacturing News, Off Topic.
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