France Receives 18 Billion Euros in Chinese Contracts

Following the visit of Chinese President Xi Jinping to France during the week of Monday, March 24, France and China agreed upon a large number of economic contracts meant to stabilize the commercial balance between the two countries. According to the Elysée, over fifty contracts totaling over 18 billion euros were signed, focusing chiefly in […]

Growing Problems for French Car Industry: Peugeot and Renault

With both PSA Peugeot-Citroen and Renault suffering significant financial losses in 2012, the French car industry continues to flounder in the New Year. Both car companies posted poor earnings last year, and Peugeot-Citroen’s earnings took a hit of 5 billion euros (6.4 billion dollars).  Renault, in slightly better shape, announced a net loss of 15% […]

Lutte Ouvrière Rally: “Striking is the workers’ strength!”

On October 5, the French political party Lutte Ouvrière held a rally. The main participants consisted of the party leader, Nathalie Artaud, and Jean Pierre Mercier, leader of the Confédération Générale du Travail (CGT) union. Other participants included the workers at PSA the Aulnay-Sous-Bois factory of the Peugeot-Citroën group that cut a lot of jobs […]

Key to Auto Industry: the Environment

“This plan is the rebirth of the French car,” Arnaud Montebourg declared on Wednesday during a press conference held to detail the measures to help French manufacturers and their subcontractors. Primarily focused on the environmentally friendly car, the Productive Recovery Minister explained that, “the future of the French automobile will come through a clean, innovative, […]