Loan guarantees to keep Sweden producing cars

Article reports that the Swedish government will offer automotive companies Skr25bn (€2.4bn) in loans and loan guarantees to ensure the future of domestic car manufacturing.
The move follows the announcement of thousands of redundancies in the Swedish automotive sector and reflects the continuing uncertainty over the future of Saab and Volvo.

BBC News, 11.12.08: Swedish car firms get bail-out http://news.bbc.co.uk/1/hi/business/7777395.stm

The Local.se, 11.12.08: Sweden to launch car industry aid package http://www.thelocal.se/16278/20081211/

Sweden: Ministry of Enterprise, Energy and Communications: Memorandum, 11.12.08: Stronger measures for the automotive industry http://www.sweden.gov.se/sb/d/7204/fromdepartment/573/page/17

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