Abstract

During the 2008 meltdown, the Fonds de Modernisation des Équipementiers Automobiles (FMEA) lent decisive support to firms deemed strategic for the French automobile industry. It is pursuing its work as part of Bpifrance. Its vision as a long-term investor in industry focuses on companies that, with a strong potential for growth, can sustain their branch of the economy. The major issues in the automobile industry are discussed along with the FMEA’s actions for addressing them. Between globalization and innovation, the French automobile industry will have to take the fast track to survive, and thrive.