
The French auto industry may be left without state assistance. The European Commission warned President Nicolas Sarkozy that it could impose a veto on his support plan for automakers if he finds that Paris illegally limits subsidies to French companies and workers, Finmarket reports with reference to The Times .
"The commission requires the French authorities to clarify their plan. So far we have made no conclusions about these measures, but what we saw in the press causes concern," said the European Commission, Jonathan Todd.
Recall that French President Nicolas Sarkozy on Monday announced the allocation of additional loans in the amount of 6 billion euros
Dissatisfaction of the European Commission is caused by the fact that the French president invited automakers to use the services of only French suppliers of components. The Prime Minister of the Czech Republic, Mirek Toporak, is also dissatisfied with the proposal for the transfer of French automakers located in the Czech Republic to France.
In addition to Peugeot-Citroen and Renault, Sarkozy promised the help of automakers supplier companies: they promised $ 800 million. The whole plan for stimulating the French economy provides for an investment of almost $ 34 billion.