Why putting the heat on US auto makers and the workers?

[LiberalFighter]

Toyota exec seeks 40 billion euros from EU.

A senior vice president of Toyota’s United Kingdom office strongly suggested that the European Commission consider an economic stimulus package that would include 40 billion euros in low-interest, short-term loans to aid the automakers in developing fuel-efficient vehicles for the future.

Graham Smith, speaking at the Society of Motor Manufacturers and Traders, said, “At a time of economic uncertainty when budgets are stretched to capacity, we must ensure the industry continues to invest in the development of new products and innovative technology.”

The European Investment Bank would provide the loans that will potentially be offered by the European Commission. The European Commission will meet today to consider the economic stimulus package.

40 billion euros is equivalent to 51.484 billion dollars.

Apparently at the time that they requested the loan it was worth 55 billion dollars.

[doc03]

1. Because for some reason everyone hates American

auto companies and Unions. The Japanese have subsidized their auto industry and protected them with trade barriers for decades.

[LiberalFighter]

2. Yep they can protect their auto companies but we can't protect ours.

[neverforget]

3. Yeah and Senators Shelby and Sessions protect the foreign

car factories in their state of Alabama by threatening a filibuster to help American car companies. Who is pro-America now?

[navarth]

4. if Toyota ever asks us for help, I can't wait to hear Shelby's filth

I don't like that guy