PARIS – French President Emmanuel Macron is set to unveil on Tuesday new measures to rescue the country's car industry, which has been hammered by the virus lockdown and the resulting recession.
Macron tweeted that the government’s support for the national car industry, which includes brands like Peugeot-Citroen and Renault as well as parts suppliers, will increase “massively." “This is a part of our economy, thousands of jobs,” he said.
Macron is meeting with carmakers and unions at the Elysee presidential palace on Tuesday morning. He will then visit supplier Valeo, which makes equipment for electric cars, at its factory in Etaples, in northern France, from where he will detail the rescue plan.