English 
English Welcome
on East Filters
Looking for auto parts? Please click below.
Our products
Racor Fuel filter/Water Separator
Oil water separator parts
Sakura Filters Equivalent
Fuel filter accessory
Top Searches
Oil filter
Fuel filter
Air filter
Oil water separator
Fuel water separator
Racor
Volvo
Caterpillar
Benz
Perkins
Scania
Komatsu
MAN
HINO
Iveco
TOYOTA
Aid packages for automobile industry
France pledged support for its ailing car makers on Monday by promising loans of 3 billion euros ($3.89 billion) each for PSA Peugeot Citroen and Renault.
Here are some details about recent aid packages for the shattered auto industry:
* BRAZIL -- Said in November it had instructed state-run bank Banco do Brasil to make available a total of 4 billion reals ($1.72 billion) so that automakers' financing units could increase lending and spur sales.
* BRITAIN -- Announced last month it would guarantee up to 2.3 billion pounds ($3.29 billion) of loans to the car industry. The government said it would guarantee up to 1.3 billion pounds of auto industry loans from the European Investment Bank and guarantee a further 1 billion pounds of loans to back investments that are not eligible for support from the European lender.
* CANADA -- Unveiled an aid package on December 20 that provided C$4 billion ($3.28 billion) in emergency loans to the Canadian arms of General Motors and Chrysler to keep them operating while they restructure. The automakers have a deadline of February 20 to come up with a comprehensive plan that would allow them to get government aid.
* CHINA -- Unveiled measures on January 14, which included cutting in half, to 5 percent, the sales tax on purchases of cars with engine sizes below 1.6 liters and one-off cash subsidies totaling 5 billion yuan ($731.1 million) to owners of high-emission vehicles who trade them in for cleaner ones.
* FRANCE -- Pledged loans of 3 billion euros each to struggling car makers PSA Peugeot Citroen and Renault, in return for them promising to 'do everything' to avoid further job losses. The five-year, 6 percent interest rate loans are designed to fund investment into clean vehicle technologies.
* GERMANY -- Unveiled a 1.5 billion euro aid package on January 13. The package forms part of a 50 billion euro stimulus package of investments, tax relief and support for companies. The measures include incentives worth 2,500 euros for new car purchases.
* ITALY -- Announced a stimulus package for cars on Friday which includes a payment of as much as 1,500 euros for trading in an old car to buy a new one. Italian car sales are expected to fall 17 percent in 2009, after a 13 percent drop in 2008,
* PORTUGAL: -- Announced on December 3 a 200 million euro credit line for auto and car parts exporters.
* SWEDEN -- Said on January 22 it had given the National Debt Office the authority to grant emergency loans to the industry.
* UNITED STATES -- Announced on December 19 a $17.4 billion lifeline to Detroit carmakers. The bailout funds will come from the $700 billion Troubled Asset Relief (TARP) program. GM will receive $13.4 billion and Chrysler $4 billion. Ford Motor Co said it did not need a loan. Loans will be called in if the automakers cannot prove they are viable by March 31.
Here are some details about recent aid packages for the shattered auto industry:
* BRAZIL -- Said in November it had instructed state-run bank Banco do Brasil to make available a total of 4 billion reals ($1.72 billion) so that automakers' financing units could increase lending and spur sales.
* BRITAIN -- Announced last month it would guarantee up to 2.3 billion pounds ($3.29 billion) of loans to the car industry. The government said it would guarantee up to 1.3 billion pounds of auto industry loans from the European Investment Bank and guarantee a further 1 billion pounds of loans to back investments that are not eligible for support from the European lender.
* CANADA -- Unveiled an aid package on December 20 that provided C$4 billion ($3.28 billion) in emergency loans to the Canadian arms of General Motors and Chrysler to keep them operating while they restructure. The automakers have a deadline of February 20 to come up with a comprehensive plan that would allow them to get government aid.
* CHINA -- Unveiled measures on January 14, which included cutting in half, to 5 percent, the sales tax on purchases of cars with engine sizes below 1.6 liters and one-off cash subsidies totaling 5 billion yuan ($731.1 million) to owners of high-emission vehicles who trade them in for cleaner ones.
* FRANCE -- Pledged loans of 3 billion euros each to struggling car makers PSA Peugeot Citroen and Renault, in return for them promising to 'do everything' to avoid further job losses. The five-year, 6 percent interest rate loans are designed to fund investment into clean vehicle technologies.
* GERMANY -- Unveiled a 1.5 billion euro aid package on January 13. The package forms part of a 50 billion euro stimulus package of investments, tax relief and support for companies. The measures include incentives worth 2,500 euros for new car purchases.
* ITALY -- Announced a stimulus package for cars on Friday which includes a payment of as much as 1,500 euros for trading in an old car to buy a new one. Italian car sales are expected to fall 17 percent in 2009, after a 13 percent drop in 2008,
* PORTUGAL: -- Announced on December 3 a 200 million euro credit line for auto and car parts exporters.
* SWEDEN -- Said on January 22 it had given the National Debt Office the authority to grant emergency loans to the industry.
* UNITED STATES -- Announced on December 19 a $17.4 billion lifeline to Detroit carmakers. The bailout funds will come from the $700 billion Troubled Asset Relief (TARP) program. GM will receive $13.4 billion and Chrysler $4 billion. Ford Motor Co said it did not need a loan. Loans will be called in if the automakers cannot prove they are viable by March 31.
