Portugal Launches Stimulus Package For Auto Industry

The Portuguese government has launched a stimulus package worth some EUR900mn [US$1.13bn] for the country's automotive sector in an attempt to avoid an estimated 12,000 job losses in 2009. Although, auto sales in Portugal have fallen by 2.4% year-on-year (y-o-y) in the first ten months of 2008, the Portuguese Automobile Association expects sales to fall sharply by 11% y-o-y in

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