We did not believe that EU regulators would let France’s government bailout of GM’s alliance partner PSA skate through unchallenged. State aid to companies is against EU rules, and refinancing of Banque PSA Finance is state aid EU Competition Commissioner Joaquin Almunia wrote in a letter to the French government. This according to a report in the French daily Les Echos. (Read More…)
It’s tough to be a European car maker with a governmental sugar daddy. First you have to make nice with your sugar daddy, and commit unspeakable acts until he shakes loose a few hundred million Euro. Then, the prudes from Brussels shoot the stipend down. Your sugar daddy can say: “Darling, I tried.” He then can go on with the business of bailing out Mediterranean states. So it happened with Renault. So it might happen with Opel. (Read More…)
Recent Comments
Robert Gordon - Gosh how interesting.
Robstar - Diesel is currently $3.89 near me. Regular is $4.09, and premium is $4.39. Wishing I had more diesel options for an econobox than VW….this is not...
Demetri - I can’t stand these new cars where the top of the hood/quarter panel is higher than the beltline of the car. It looks awful. The CR-Z is like...
BangForYourBuck - Hybrids are another expensive solution.
Summicron - Never heard it put better. Cruelest part is knowing good and well that your rust was once steel. Physically and mentally.
BangForYourBuck - “One must wonder how long Mitsubishi keeps the lights on in the US” Mitsu has very low overhead and a high level of stubbornness.
Lie2me - If I might add… http://i188.photobucket.com/al bums/z256/jimbob1955_2007/LLL/ leavelincolnalone_zpsc9810035. png
Compaq Deskpro - The French military are basically doing what we were doing in Afghanistan, they’re in Mali helping push back various jihadist...
Summicron - I don’t disagree. It’s just that for mass marketing purposes anything more expensive than gas is doomed in America. Haven’t you met...
skor - “The world really wasn’t ready for the truth.” Still isn’t. I wish someone had told me that when I was 17.