France could take stakes in carmakers in exchange for financial assistance to the battered auto industry, French industry minister Luc Chatel said ahead of a meeting on Tuesday at which aid measures should be announced.French President Nicolas Sarkozy said on Thursday France would put "a lot of money" into aid for the car industry, which is one of France's biggest employers.
Economy Minister Christine Lagarde said last week the government was likely to announce measures to boost carmakers' capital and improve financing for car purchases, but Chatel said in an interview published on Monday nothing had been decided.
Thanks to LauderdaleDriver for the tip!
Detroit Auto Show Gallery
Also, don't forget you can now upload your photos direct from your mobile devices simply by sending them to mobile@autospies.com
Read Article