Monday, November 24, 2008

Ford Begging On Both Sides Of The Atlantic
How bad off is the auto industry?

The head of Ford Germany said the European Union should make around 40 billion euros (50 billion dollars) in loans available to the continent's ailing auto sector, in an interview with the Bild newspaper published Friday.

Bernhard Mattes said such assistance would not be state aid but was "in order to allow all European carmakers the possibility to meet EU requirements on fuel efficiency and emissions, etc., more quickly."

Those rich republicans are so dependent on government welfare. They should be embarrassed but of course they are not.

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