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french auto bailout


French automakers get $11.8 billion bailout

Following in the footsteps of similar programs in the United States and the United Kingdom, the French government has approved a bailout of sorts for its domestic automakers and their financial arms. Portions of these funds are to be used to further the development of green automotive technologies, including hybrids and fully electric vehicles. The main condition to receiving this money is that the automakers must keep their French factories open and operational. Here's a quick rundown of what's being doled out: Renault and PSA Peugeot ... Read more →

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