BUSINESS NEWS | Macron Wants France To Be Europe’s Top Clean Car Producer

PARIS | FRANCE – President Emmanuel Macron announced an 8 billion euro plan on Tuesday to make France the top producer of clean vehicles in Europe and urge French carmakers to make vehicles in their own country.

French car plants are only just starting to rev up production after the coronavirus lockdown, which hit the auto sector badly, and Macron wants to accelerate the transition to electric cars to help revive the industry.

‘We need a motivational goal: make France Europe’s top producer of clean vehicles by bringing output (up) to more than one million electric and hybrid cars per year over the next five years’, Macron told a news conference.

To achieve that goals, he said France would increase the state bonus for consumers buying electric cars to 7,000 euros from 6,000 euros.

But to help dealership sell the 400,000 vehicles left unsold because of the lockdown, Macron said people buying a traditional car would receive a 3,000 euro bonus under a scheme that would apply to three-quarters of households.

‘Our fellow citizens need to buy more vehicles, and in particular clean ones. Not in two, five or 10-years – now’, Macron said following a visit to a Valeo car parts factory in northern France.

No car model currently produced in France should be manufactured abroad, he said.

Renault, which produces its Zoe electric model in France, had pledged to make a future Renault-Nissan electric engine in France and not in Asia, as initially envisaged, he said.

The government will not sign off on a planned 5 billion euro state loan for Renault until management and unions conclude talks over the carmaker’s French workforce and plants in France, Macron said.


NEWS ALERT | Saudi Crown Prince Condoles President Of France On Death Of Former President

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Minister of Defense, has sent a cable of condolence to President Emmanuel Macron of the Republic of France on the death of former President Valery Giscard d’Estaing of France. In his cable, HRH Crown Prince Mohammed bin Salman expressed profound sorrow  … Continue reading NEWS ALERT | Saudi Crown Prince Condoles President Of France On Death Of Former President

CORONAVIRUS | Ex-President Would Get Vaccine Publicly To Boost Confidence

NEW YORK – – Three former presidents say they’d be willing to take a coronavirus vaccine publicly, once one becomes available, to encourage all Americans to got inoculated against a disease that has already killed more than 275,000 people nationwide. Former President Barack Obama said during an episode of Sirius XM’s ‘The Joe Madison Show’, … Continue reading CORONAVIRUS | Ex-President Would Get Vaccine Publicly To Boost Confidence

TRAVEL | Austria To Allow Christmas Skiing But Many Restrictions Stay

MILAN – – Austria will allow skiing to start on Dec.24, but will limit the capacity of ski lifts and keep restaurants, bars and hotels largely closed until early January, officials said Wednesday. It also will require many people entering the country over the Christmas period to go into quarantine. Though lockdown measures took effect … Continue reading TRAVEL | Austria To Allow Christmas Skiing But Many Restrictions Stay

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