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BRUSSELS, Belgium -- The European Union's competition chief said Friday that Germany and France should avoid entering a global "subsidy race" to bail out the ailing car industry. EU Competition Commissioner Neelie Kroes said...
By Pete Harrison BRUSSELS, Nov 21 (Reuters) - Europe's competition chief warned Germany and France on Friday against starting a race with the United States to subsidise the car industry. Automakers around the world have warned...
Neelie Kroes believes car makers can use existing EU aid mechanisms EU Competition Commissioner Neelie Kroes has told France and Germany not to start a "subsidy race" with the US to save the car industry. She said the European...
General Motors dismissed a surprise overture for its cash-strapped German unit on Wednesday as calls mounted for European governments to come to the aid of automakers hit by the global financial crisis.
Bankers are now the most hated professionals, more so even than politicians and journalists. Through reckless greed and the selfish pursuit of their annual bonus, they brought the west's financial system to its knees. They...
BRUSSELS (Reuters) - Any European Union support for automobile companies will be temporary and tied to goals such as improving the sector's environmental performance, EU sources said on Tuesday. "What will not happen ... is a...
