The advantages of French car makers

French car manufacturers could emerge from the crisis stronger than ever, writes the business daily Les Echos. "The question is, how will French car makers survive the dramatic setbacks incurred by the global automotive industry. And - even if it surprises some - the answer may well be far more optimistic than expected. Let us remember that while we are worried about our two champions, America's 'Big Three' have had to go begging to the Senate for state aid to avoid bankruptcy. That sort of thing doesn't exist in France. Like Peugeot and Citroen, Renault has the most efficient industrial tools in Europe. And their product lines, buoyed up by tireless marketing, are better positioned to meet global demand than those of the 'Big Three'. Nothing stops us from believing that Peugeot, and to a lesser extent Renault, will profit from these dark times, raise productivity and prepare for the next upswing."

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