Macron commits €8bn to fuel virus-hit French carmakers
The motor industry employs 400,000 people in France
26 May 2020 - 22:10
Paris — President Emmanuel Macron unveiled a raft of subsidies for the French auto industry that will add another €8bn to the government’s stimulus bill in 2020.
The plan will include a subsidy of €7,000 for the purchase of electric cars and aims to increase production to 1-million electric or hybrid vehicles a year by 2025, Macron said during a visit to a Valeo plant in northern France that makes equipment for hybrid drivetrains...
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