The French government’s rollback on key conditions of bailout loans for its auto industry averted a possible crisis at Sunday’s European Union special recession summit in Brussels. French President Nicholas Sarkozy’s offer to lend €6.5 billion ($8.2 billion) to Renault SA and PSA Peugeot Citroen on the condition the two auto makers pledge not to close domestic plants and shift production to lower-cost regions, such as Czech Republic, sparked fears other EU governments would rush to ...
Premium Content (PAID Subscription Required)
"French U-Turn Avoids Roadblock at EU Crisis Summit" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: email@example.com or phone: (248) 799-2642