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Sunday, July 29, 2012

French automakers to go green with their government's help

That is correct, the French government, in coordination with their automakers have decided to go green!

The strategy for France's carmakers was unveiled by the Ministry for Industrial Recovery — a government department created by President Francois Hollande to put his plan to "re-industrialize" France into action.

The government said the decline of France's auto industry has been particularly marked: The country produced just 2.2 million cars last year, as compared to 2005's 3.5 million. It employs 800,000 people — 30 percent fewer people than it did 10 years ago.

Hollande's administration hopes France can carve out a space for its auto industry by driving hard into environmentally friendly cars — a sector the country's automakers are already prominent in. The plan includes a variety of measures aimed at rewarding companies that invest in green technology and drivers who buy environmentally-friendly cars.

It appears to me that the woes that we have felt here in America have spread far and wide. This is almost identical to what happened in the 1870's-1880's. That time period was what has become known as the long depression. So I guess you could think of all of our economic woes as long depression, part 2. But France is now setting its auto industry up for a come back.

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