We must still discuss between us details he added

There is no reason that the "Big Three" of Detroit are the only ones to benefit from public aid for modernising their plants: the European car manufacturers will ask this week in Brussels to be able to benefit from 40 billion euros of loans subsidized, to prepare the own cars of the future. Ebruitée by Fiat boss Sergio Marchionne, the information was confirmed Saturday at the "voices" by Ivan Hodac, Secretary General of the Association of European manufacturers (Acea): "for the moment, it's just a position of principle, taken unanimously." "We must still discuss between us details," he added. What should be resolved as early as this morning, before the official position of the Acea is clarified.

To justify this imposing figure (their demand is more than twice the amount of loans allocated the year next to the Americans), European groups put forward two substantive elements: the financial crisis, which has completely dried up in recent weeks interbank credits, and the huge sums that will impose the new European standards on the level of CO2 reduction. The members of Acea have beautiful invest yearly 4 of their turnover on research and development, the efforts required on polluting emissions (Euro 5), on the one hand, and the carbon dioxide (130 grams per kilometre travelled on average covered in 2012, against 158 grams today), on the other hand, total demand in their eyes of enormous investments. Hence the idea of loans at favorable interest rates, in clear subsidized by the taxpayer as in the United States. "The situation of the sector is strongly degraded and the world economy." "In a context, environmental legislation is impossible, everyone must be aware," adds Ivan Hodac. With their 16 million assembled cars annually at 250 plants, European manufacturers are 2.3 million of European employees and more than 10 million in equipment suppliers. Economic weight which justifies the exorbitant demand of the common law in their eyes.

Usually very reserved on State interventionism, Carlos Ghosn, CEO of Renault and Nissan, was the first to claim that Europe is based on the US plan. 25 Billion dollars (18 billion euros) approved by Washington (which will cost 7.5 billion to the American taxpayer) "create a distortion of competition, it is indisputable.". "So far, it's an interesting idea," he indicated to the "echoes" as of September 29. While Renault already reviewed all its future investments, to keep that essentially, his boss calls so that European Governments follow the road laid out by the United States.

Across the Atlantic, after the vote in Congress and ratification by President Bush, great builders eagerly await the decrees of application, prepared by the Department of the Treasury. Work for about two months. The idea will be to dedicate funds to the factories, old transformation of more than twenty years. "Whether segments B, C or D, our range will benefit, including thermal engines, welcomes Alan Mulally, CEO of the Ford group. The economic impact will come mainly from the volume effect. "The first models affected by this law should leave, in our view, in the first quarter of 2009," he announces.