The auto industry is getting massive state help. The European Union is considering offering 40 billion euros in loans to carmakers - je 30.10.2008 08

First, it was the banks. Now the auto industry is getting massive state help. The European Union is considering offering 40 billion euros in loans to carmakers. The money is officially earmarked to help automakers produce environmentally-friendlier vehicles. But it is also aimed at saving an industry in the throws of the financial crisis--faced with plunging sales and possible massive layoffs. +++SYN-MAZ+++