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The Bailout Beat: German Auto Industry Seeks Government Help - SPIEGEL ONLINE - News - International

A day after the United States Congress passed a $14 billion (€10.7 billion) bailout of the American auto industry, carmakers in Germany are hoping to receive similar support, both from European governments and possibly from the US fund.

In an interview given to the Berliner Zeitung newspaper, the president of the German Association of the Automobile Industry (VDA), Mattias Wissmann, pointed to competitive concerns in pleading for state aid for German auto manufacturers. Responding to the US bailout plan, Wissmann said "what's important for us is that all of those who produce in America -- not just American firms -- are treated the same way."




*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Thu Dec 11th, 2008 at 03:16:53 PM EST
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