European Automakers Where's OUR Goddamn Bailout (Pt. 2)?

John Horner
by John Horner
european automakers where s our goddamn bailout pt 2
Fiat and the European Auto Makers Association want an American-style multi-billion handout, STAT! Marketwatch reports that FIAT is leading the charge, demanding $55.22b in European Commission loans to “help Europe’s car makers make better environment-friendly vehicles.” Did I say demanding? Yes, I did. “All European car makers agree on the [€40 billion] demand,” a spokesman for Fiat said Saturday, confirming earlier remarks by Fiat CEO Sergio Marchionne. The final details of an agreement remain unclear, another person familiar with Fiat’s proposal said.The clock’s ticking on European Union’s 2012 mandate to reduce CO2 emissions; very little progress has been made… Which explains why the EU’s auto companies are also looking to move the new regs’ deadline forward to 2015. Meanwhile, E.U. member states have agreed to relax the rules governing the amount of money individual states can borrow, so they can address their own credit crisis (i.e. bad paper), hampering new car sales. Over to you, Japan.
John Horner
John Horner

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4 of 6 comments
  • Mrb00st Mrb00st on Oct 05, 2008

    that Fiat is hilarious, no loan for you you failures.

  • BlueBrat BlueBrat on Oct 05, 2008

    Holy crap is that Fiat Oltre for real? I really hope not...

  • Martin B Martin B on Oct 05, 2008

    Bologna (It) or Boulogne (Fr), but not Bologne. [s]its[/s] it's nice to be popular enough to [s]illicit[/s] elicit jokes [/carp]

  • JJ JJ on Oct 06, 2008
    Bologna (It) or Boulogne (Fr), but not Bologne. its it’s nice to be popular enough to illicit elicit jokes ""... 'nuff said