The Auto Bailout Is Official — in Sweden – Regulatory Issues –

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 –


About zyakaira

Investment Banker, 40s, Bangalore This Biopic and this web recreates how one point of view, one person can impact a tremendous economic engine that the world thrives and mis-thrives on. This one has the knowledge and the civil sense , the art of conversation and some good writing to mentor others as powerful and help global managers develop and fine tune their approach on US markets, China, India and the world. Read on here, and let me know what you need. It can be a race for TRPs, a race for new markets and a race to do what is right. I have the pulse of the crisis, the recovery and the market direction and can help you build and refine your strategy as i have helped thousands of managers and multiple global corporations. Of course, it’s more fun if you talk to me. I am in favor of leading this moving of the economic crisis and will partner with you in a soft and subtle way, just the way we both ride to the top. But you can write with us, opine and just reply with aplomb and shine on Twitter , 4 square , Facebook and any other social “choupal” of choice via zyaadakairaada Profile & Portfolio - SocialPicks Different flavours at:

Posted on December 12, 2008, in Financial Markets, Global, Meltdown, US and tagged , . Bookmark the permalink. Leave a comment.

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