France and Germany have asked the European Commission to approve state subsidies...
FILE PHOTO: A PSA Group logo is seen behind a car displayed during French carmaker's news conference as they announce the company's 2018 results at their headquarters in Rueil-Malmaison, near Paris, France, February 26, 2019. REUTERS/Christian Hartmann
The two countries have earmarked 1.7 billion euros to support company alliances to help reduce European carmakers’ dependence on Asian suppliers and protect jobs at risk from the shift away from combustion engines. “We’re now waiting for Brussels to give us the green light,” the spokeswoman said, confirming an earlier report by FAZ newspaper.
The FAZ report said that the PSA/Saft alliance was planning to convert an Opel factory in the western city of Kaiserslautern close to the French border into a battery cell production site.
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