PARIS (AP) -- European automakers have appealed to the European Union for a $55 billion package of low-cost loans.
The request comes amid an economic downturn and pressure from new rules aimed at curbing greenhouse gas emissions.
The European Automobile Manufacturers Association says it's concerned about shrinking consumer confidence.
It has urged the EU to help "reinforce the momentum in consumer demand for fuel-efficient vehicles."
The association is also calling on the EU to grant "incentives" for car owners to scrap vehicles more than 8 years old to accelerate the renewal of auto fleets.
Monday's appeal came after the U.S. government approved a $25 billion loan package last week that aims to keep Detroit's downtrodden automakers afloat.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to email@example.com. Please provide detailed information.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.