Find Us

France promises €8bn to bail out struggling car industry

Macton pledges a greener future for the French car industry
Macton pledges a greener future for the French car industry Copyright Euronews
Copyright Euronews
By Katy DartfordCraig Crowther
Published on
Share this articleComments
Share this articleClose Button
Copy/paste the article video embed link below:Copy to clipboardCopied

French carmakers have seen a 90% drop off in sales since the beginning of the coronavirus pandemic.


France will launch an eight billion-euro plan to save the country's carmakers after a 90 per cent plunge in sales as a result of the coronavirus pandemic. 

French President Emmanuel Macron said the plan included one billion euros in grants aimed at encouraging consumers to buy electric cars, and "make France the leading producer of clean vehicles in Europe."

Speaking at a factory in northern France, Macron said he wanted to see the production of electric, plug-in hybrid or hybrid vehicles increased to more than one million a year within five years. 

French carmakers have been battered by the coronavirus pandemic, which has seen showrooms shuttered and sales plummet. 

Renault is due to make an announcement on Wednesday addressing the future of their alliance with Nissan. 

Renault, which is currently negotiating a five billion euro loan from the French state, needs to make two billion euros in savings, which could lead to factory closures and job losses in France.

Share this articleComments

You might also like

On board the floating science lab making its way around Europe's coastline

30 years on, is the Lyon-Turin rail project still looking so green?

'No logo': Beef between Italian government and Fiat 500 maker turns personal