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Auto Industry's Woes Felt Throughout Europe
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Saab is laying off one fifth of its workforce and Volvo is scaling back production. The European Investment Bank is giving 3 billion euros of aid to the European auto industry, with another 2.8 billion euros planned for April, 2009. 400 million euros each go to Volvo AB maker of trucks, and Scania AB, and 200 million euros to Volvo Cars. Peugeot Citroen, Renault, Fiat, BMW and Daimler each receive 400 million euros. Most of this goes to projects aiming at increasing fuel efficiency and cutting carbon- dioxide emissions.
European Investment Bank and government aid to European automakers
03/13/2009
Aid to the European auto industry in the global financial crisis.
Grouped Articles
Auto Industry's Woes Felt Throughout Europe
Wall Street Journal 03/13/2009
France's automakers Peugeot and Renault in the 2008 financial crisis
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Grouped Articles
Auto Industry's Woes Felt Throughout Europe
Wall Street Journal 03/13/2009
Shifting sentiment for Stimulus in France and Germany as job losses mount.
01/04/2008
German GDP contraction according to Commerzbank estimates in late March show 6-7% GDP contraction in 2009. France with a smaller capital goods industy, is projected to drop 4%. Sentiment in both countries is shifting to larger Stimulus.
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For Europe’s Middle-Class, Stagnant Wages Stunt Lifestyle
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German Auto Industry's response to the economic downturn.
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How the German auto manufacturers are responding to the sharp decline in sales.
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German automakers BMW, VW and Benz in the 2008 financial crisis
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BMW Swings to $1.24 Billion Loss as Luxury-Car Sales Plunge
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Auto Industry's Woes Felt Throughout Europe
Wall Street Journal 03/13/2009
Italy's automaker Fiat in the global financial crisis of 2008
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Grouped Articles
Auto Industry's Woes Felt Throughout Europe
Wall Street Journal 03/13/2009
The new GM and the problems it will continue to face.
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