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Episode details

World Service,26 May 2020,26 mins

€8bn rescue plan for French car industry

World Business Report

Available for over a year

The French government has announced an €8bn rescue plan for its car industry, which has been severely impacted by the coronavirus pandemic. President Emmanuel Macron's proposal includes €1bn to provide grants of up to €7,000 to encourage citizens to purchase electric vehicles. We hear more from Karl Brauer, Executive Publisher of Cox Automotive. In some countries, there are signs the economic recovery from the coronavirus crisis may be starting. As businesses re-open, their owners and consumers say they feel slightly more confident about the future. A key question is what the recovery will look like. Organisations representing 40 million health workers globally are calling for a re-engineering of the economy as it re-opens. One key element which would allow life to get back to normal is the development of a vaccine. Russell Padmore takes stock of global race to create and distribute one. Also on the programme - the life of Stanley Ho, who died at the age of 98. The King of Gambling, as he is known, made billions of dollars from his casinos to become one of Asia's richest men. He was also a flamboyant character, with four wives and 17 children. PHOTO: Emmanuel Macron, via Getty Images

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