Wednesday, January 30, 2013
Monsieur Hulot is no longer going on holiday. Or, rather, if he is, he's taking the train. The French have fallen out of love with the automobile, it is argued here, and therefore the French auto industry is threatened.
“But the French carmakers, all the European actors, should plan their turnarounds on the assumption of no growth,” Mr. Houchois said.
“It’s hard to make a case for growth in Europe.”