BusinessWeek
"Carmakers Ask EU for $55 Billion Loan
European carmakers are asking for a loan to help them compete with the U.S., where the government has announced a car sector support package
by Philippa Runner
European car manufacturers have agreed to ask the EU for a €40 billion loan to maintain a "level playing field" with the US, while bashing European plans to pass tough new laws on car engine CO2 emissions. "
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