GREEN CARS LIKELY TO BE SUBSIDISED UNDER EU STIMULUS PLAN
December 1st, 2008
BY KEITH NUTHALL
EUROPEAN Union (EU) heads of government will meet this week (Dec 11-12) to debate an expensive economic stimulus plan that aims to keep Europe's automobile industry afloat, while retooling to create new low emission models.
The auto sector is a key plank of a Euro 200 billion public spending injection proposed by the European Commission, aimed at reversing the effects of the credit crunch. Indeed the plan highlights how car fleet buyers have suffered: "Sectors dependent on consumer credit - like the automobile industry - have seen their ...
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