Car companies are in decline, and even the
government bailouts may not help them to survive, some experts
indicate.
Car finance arms unable to lend
money may be flooded with
cash to try to promote
new car sales. But experts say that this is backward-looking
and may not be enough to save the
car industry.
In the last week, aid has been promised by the French Government
for massive
carmakers
Peugeot
Citroen and
Renault . Although there are provisos attach to the UK
government multi-billion bailout regarding
low-carbon technology, the cash will largely be used to free up
lending . Experts call this green window-dressing.
The problems in the car industry have also spread to emerging
economies such as
China,
India and
Russia . Experts argue that falling back onto the
internal combustion engine is a step backward, and the money
should be invested in futuristic technology. The time, they argue,
has come to make a change.
