The French Government wishes to make its own auto industry to provide financial support high

French Prime Minister Fillon announced on the 20th, the Government will own vehicle manufacturers to provide five billion euros to 60 billion euros in financial support to help them tide over the current crisis.

Fillon held in Paris the same day the automobile industry the General Assembly speech, said that the Government will own the auto industry to provide “strong support”, is expected to this end will invest five billion euros to 6 billion euros of funds. He also require vehicle manufacturers to remain in France as well as the production scale and the French territory of auto parts suppliers and cooperative relations, and promise not to relocate abroad, the assembly line.

Fillon also said that the convening of the automotive industry not only to the General Assembly to discuss how to deal with automobile enterprises current crisis, but also the automotive industry in order to study the future direction of development, the government will discuss the conclusions made on the basis of a decision accordingly.

In order to support the national car industry, the French government last year adopted a series of direct or indirect assistance measures, including the purchase of energy-efficient vehicles to make direct payment of consumer subsidies, allocated 300 million euros to set up investment funds industry to support the auto makers and parts manufacturers technology and equipment in the field of strategic investments, funding 400 million euros to set up R & D fund for environmental research in support of the automobile industry and so on.

~ by domainservice999 on January 21, 2009.