France on green ‘offensive’ to save auto industry

An Electric Renault Town Car

With France’s biggest car manufacturer, PSA Peugeot Citroen, cutting jobs and posting record losses, the French government responded to the crisis in the auto sector Wednesday by unveiling a raft of measures aimed at promoting green cars.

The French government went on the offensive to restore its crisis-hit auto industry Wednesday with a raft of measures aimed at supporting the production of environmentally friendly cars.

With France’s biggest car manufacturer unveiling a record first-half loss of €819 million the same day, the new measures could not come at a better time.

PSA Peugeot Citroen, which is also Europe’s second largest carmaker, has already announced some 8,000 job cuts in France as part of a much-criticized cost-reduction plan worth €1.5 billion over the next three years.

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