The logo of French carmaker Renault is pictured at the Flins plant of French carmaker Renault in Aubergenville, west of Paris, Monday, May 25, 2020.
French President Emmanuel Macron is set to unveil sweeping new measures to rescue France's car industry, hammered by virus lockdown and the resulting recession.
(AP Photo/Christophe Ena)PARIS French President Emmanuel Macron announced an 8 billion-euro ($8.8 billion) plan Tuesday to save the countrys car industry from huge losses wrought by virus lockdowns, including a big boost for electric vehicles.
PARIS (AP) French President Emmanuel Macron is set to unveil new measures Tuesday to rescue the country's car industry, which has been hammered by the virus lockdown and the resulting recession.
Macron tweeted that government investment in the national car industry, which includes brands like Peugeot-Citroen and Renault as well as parts suppliers, will increase massively."