Rest to overcome the obstacle of Brussels

After the bankers, the car manufacturers. Nicolas Sarkozy received today in the Elysee Palace PSA and Renault leaders, and other actors of the sector, to try to devise new parades to the crisis. And ask them in exchange for an additional gesture counterparties. Officially, no announcement is expected at the end of the meeting, intended to update on the implementation of the measures already unveiled on December 4, in his speech of Douai (prime case, access to credit at height of 1 billion euros, Fund for subcontractors). But, on the bottom, everyone is well aware that new measures are necessary, given the degradation of the auto market and the social consequences among subcontractors.

While they have all the difficulties in access to credit on reasonable terms, patterns of automobile hope have included public powers. "In 2009, we will need reasonable financing, cannot refinance only for three months and at a rate of 10 as some German manufacturers have done, emphasized Friday Carlos Ghosn.". We are talking of millions of jobs. But I think that the State had heard us. "For him, the solution would be to no longer pass by banks, but to allocate loans directly to builders. Rest to overcome the obstacle of Brussels. Shareholder of Renault, the State could also carry out a reserved capital increase "It would serve no purpose to save a company without its suppliers", note the pattern of Renault.

PSA in the crosshairs

Parant to the most urgent, the constructor of the Megane, whose cash position will be negative in 2008, reduced its stockpile to alleviate its debt, consider transfers of assets and waive certain investments, sanctuarisant only his project of electric cars. "2009 Investments will be lower than those of 2008." "The exact cut will depend on discussions with the State", adds the Renault boss, hardly really counts on some aid promised by the European Investment Bank (EIB). PSA Peugeot Citroën, Christian Streiff is much more discreet, but its problems are similar. There was even an additional constraint: to be in the interest of the President of the Republic, being openly accused relocate and multiply the departures early retirement in France.

Because this will undoubtedly be the highlight of the meeting at the Elysee today: no support without serious counterparties of industrialists. Renault has done "its duty", if committing to not to close plant in France, despite their plan of support in free fall, PSA is now deaf ear. Another theme that will be put forward by the head of State: the electric car. It is indeed easier, de, de de tels propres, que des plus en effet vis-à-vis de de de tels que des en facile de financer tels programmes que des activités effet facile vis-à-vis Bruxelles of de, de de tels propres, que des plus en effet vis-à-vis de de de tels que des en facile de financer tels programmes que des activités effet facile vis-à-vis Bruxelles, of de de tels propres, que des plus en effet vis-à-vis de de de tels que des en facile de financer tels programmes que des activités effet facile vis-à-vis Bruxelles of such de tels propres, que des plus en effet vis-à-vis de de de tels que des en facile de financer tels programmes que des activités effet facile vis-à-vis Bruxelles own, that of que des plus en effet vis-à-vis de de de tels que des en facile de financer tels programmes que des activités effet facile vis-à-vis Bruxelles more in plus en effet plus en effet vis-à-vis de de de tels que des en facile de financer tels programmes que des activités effet facile vis-à-vis Bruxelles towards de vis-à-vis de de de tels que des en facile de financer tels programmes que des activités effet facile vis-à-vis Bruxelles de de de tels que des en facile de financer tels programmes que des activités effet facile vis-à-vis Bruxelles de tels de tels que des en facile de financer tels programmes que des activités effet facile vis-à-vis Bruxelles que des que des en facile de financer tels programmes que des activités effet facile vis-à-vis Bruxelles in en facile de financer tels programmes que des activités effet facile vis-à-vis Bruxelles facile de financer tels programmes que des activités effet facile vis-à-vis Bruxelles de de financer tels programmes que des activités effet facile vis-à-vis Bruxelles financer tels programmes que des activités effet facile vis-à-vis Bruxelles finance tels programmes que des activités effet facile vis-à-vis Bruxelles tels programs that des activities effet facile vis-à-vis Bruxelles effect facile towards Bruxelles Brussels Lack of opportunity, apart from cooperation in germ with Japanese Mitsubishi, PSA is hardly packaged by the subject.