EU MULLING FINANCIAL PACKAGE TO SUPPORT CAR MAKERS
October 1st, 2008
BY CHRIS JONES
FOLLOWING US government action to assist the American auto industry, European leaders are now considering measures to support their continent's automobile manufacturers amid the ever-worsening global economy.
French president Nicolas Sarkozy, whose government is the current holder of the European Union's (EU) six-month rotating presidency, has told journalists that the European Commission has been asked to develop a plan by December 11 about how national governments and EU institutions could support their heavy industry, including the automobile ...
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