Macron courts Tesla's Musk and other investors to 'Choose France'
France is pitching new tax credits for green tech investmentsPARIS — France is poised to win record foreign investment pledges when President Emmanuel Macron receives global business leaders, including Tesla'sFor the president, whose popularity has suffered from a widely unpopular proposal to raise the French retirement age, the summit is a chance to justify his pro-business reform drive and shift attention to his promotion of lower carbon industry, such asExecutives attending the event in...
Asked by BFM TV about possible investments by Musk, Le Maire said only"all investments that are being made today are the result of months or even years of negotiations".Over the last five years, Macron has invited top CEOs to the opulent Versailles Palace to try to secure billions in foreign investments.
He is also competing on a global stage for investment in green technology when the United States has become a magnet following the introduction of its Inflation Reduction Act.vehicles a week, with a maximum capacity of 500,000 cars per year.in Germany, it will focus cell production in the U.S. in light of IRA incentives, making it one of the first firms to declare a strategy shift prompted by the package.
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