The current debate in Washington over whether to extend a $25 billion lifeline to Detroit's Big Three carmakers has been framed almost exclusively in terms of domestic economic considerations: avoiding massive job layoffs vs. throwing money at possibly doomed companies. Full Story »
Posted by Derek Hawkins
this is a description of how e.u. countries are responding to the same financial crisis in relation to its own auto-making companies, trying to determine as in the u.s. whether or not to change previous policies on government subsidies while major makers are in crisis and how it would effect their own trade status with each other. depth which would show more about the problems within companies, and what those may mean is missing here.
A quality piece detailing the European response to the US bailouts of the financial sector and potentially to a bailout of the Big 3.
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