France unveils $8.7 billion plan to rescue ailing car industry – Times of Oman

France unveils $8.7 billion plan to rescue ailing car industry – Times of Oman

In return, the car manufacturers have committed to relocate value-added production in France and to consolidate and maintain all industrial production on our sites.". The massive investment aims to bolster research, encourage innovation and support the domestic production of high-tech electric and hybrid vehicles.". To boost demand, the government would increase the state bonus for consumers buying electric cars to 7,000 euros from 6,000 euros.. It is a defence plan, a sovereignty plan for the automotive industry, which aims to relocate activity..