France unveils a massive 8 Bln Euro plan to revive auto industry

FILE PHOTO: President Emmanuel Macron of France. /AFP

President Emmanuel Macron on Tuesday announced an 8-billion euro ($8.8 billion) plan to revive France's auto industry, brought to its knees by the coronavirus crisis, including a billion euros in green car subsidies.

The "historic" intervention will aim to turn France's rechargeable car industry into Europe's biggest, the president said, with annual production of more than a million "clean cars" by 2025.

According to Worldometer the European country has 182,942 coronavirus cases with 65,199 people having shrugged off the virus while 28,432 have since died.

Source(s): AFP, Worldometer