European Union, Governments tie Emission Controls, Jobs to Car Funds
As governments provide assistance to their automakers, there has been some voices who warn that the companies that are benefiting should brace for the consequences. In short, there may be hell to pay later. Automakers are being warned to use the money wisely and not fund overproduction. And to be prepared to follow demands to make safer and cleaner cars. The European Union is one such government. As Germany, France, and others provide such funds, conditions appear. Besides the above safer and cleaner cars, the French government wants its automakers to keep jobs within the country. This puts car makers like Renault in a bind, competition-wise, with Eastern European and its low cost labor beckoning. More details can be found at Detroit News.
During the height of the Wall Street meltdown, when Republican and Democratic members of Congress were...