France to inject almost $9 billion into ailing auto industry

Paris French President Emmanuel Macron has announced an $8.8 billion aid package for the country's embattled auto industry, which has seen sales tank during the coronavirus pandemic.

Macron said around 400,000 cars are sitting in factories and parking lots unsold with an 80% drop in sales compared to the same time last year. "By the end of June, we will probably be at around 500,000 unsold vehicles compared to the previous season. This is unprecedented for this sector, which represents nearly 16% of our industry's sales," he said.

Gee that a great president wish the our president was like him

President Macron, if there any Peugeot 308 GTi Sport models taking up valuable showroom space, I have room here.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Mexican auto industry groups urge Puebla state to allow operations to restartMexican auto industry groups on Sunday urged the governor of the state of Puebla to allow a gradual restart of operations after economic activity was curbed to contain the spread of the novel coronavirus. “Mexican auto industry”
La source: Reuters - 🏆 2. / 97 Lire la suite »