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The Auto Bailout Is Official — in Sweden – Regulatory Issues – CFO.com

The deal includes credit guarantees, emergency loans and money for research and development to boost companies in the “Swedish automotive cluster,” the government said, according to the Associated Press.

The Swedish government said that its aid package was needed to safeguard “the continued success of the Swedish automotive industry,” even if the industrys crisis deepens. The AP noted that the European government also urged the development of green technology.

The Swedes announced their package a few hours after the U.S. House of Representatives approved a bill to provide $14 billion in emergency loans to the U.S. auto industry — a measure with an unsure future in the Senate.

via The Auto Bailout Is Official — in Sweden – Regulatory Issues – CFO.com.

2 comments on “The Auto Bailout Is Official — in Sweden – Regulatory Issues – CFO.com

  1. Pingback: Auto Industry Bailout » Blog Archive » Time To Reverse Bank Bailout : Economist

  2. Pingback: Auto Industry Bailout » Blog Archive » Brian Moore 2008 » the Country in Chaos—with Blind, Destructive …

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This entry was posted on December 12, 2008 by in Financial Markets, Global, Meltdown, US.

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