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Yugo, 1953-2008
[Quote:]
Yugo (now Zastava), the icon of Soviet-era automaking, rolled out its last car on November 11th, 2008, a victim of the global financial crisis. The Kragujevac plant, having endured political crises and NATO bombs, has finally been sold to Fiat.
And no bail-out for them, so why should we bail out GM et al?
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“We”? I didn’t know you were going to help out! That’s sweet of you.
Have you seen how much money Europe is sending to struggling car manufacturers, including subsidiaries of GM?
So far the EU is sending 0EUR to help car manufacturers. It is still debated whether it’s needed or not, however Germany stated that they will help Opel. But Germany is not the EU.
That’s the current status of the car bailout in Europe.
you may want to time-stamp that comment, that zero may change to EUR 50b any second now.
News: 1, 2, 3.
Yes, that’s what I read too, so far Neelie Kroes holds out on it. I hope she can thwart the “oh, fuck capitalism, we are LOOSING!” movement.