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German Car Industry hit by US-GM cancer, asking for state money handouts
by SOLARLIFE | October 13, 2008 at 03:29 pm | 81 views | 2 comments | 2 recommendations
US-GM cancer spreading over to Opel in Europe. The german car industry wants now after the banks a car bilout of 50bn Euros ($70bn) as GM received a signed government paper for $25bn first round and $25bn second round government handout money. The rest of the money is used to support sick industry like speculating banks and the polluting car industry. For innovation next generation no money. Soon G. Brown the arm of CFR will ask for One-world-money to merge his bancrupt pound with the rest of world.
Other European business sectors are likely to seek government aid similar to that offered this week to banks, according to EU Commissioner Guenter Verheugen. Carmakers would already like a slice of the cake.
Speaking on Deutschlandfunk public radio on Monday, Oct. 13, Verheugen said, "The demands have already begun from the car industry."
The German Industry and Enterprise Commissioner said, "It won't be easy for politicians to explain to the workers why hundreds of billions of euros are available for the banking system, but not when an entire industry is in trouble."
October 13, 2008 at 03:29 pm by SOLARLIFE, 81 views, 2 comments
Most RecentMost Recommended Comments (2)
at 17:53 on October 13th, 2008
SOLARLIFE, I like this story. It's good stuff.
at 01:16 on October 14th, 2008
Citicom, thanks for Flag "German Car Industry hit by US-GM cancer, asking for state money handouts"