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Spain to provide 800 mln euros for car industry

Thu Nov 27, 2008 10:44am EST

MADRID, Nov 27 (Reuters) - Spain will provide its car industry with 800 million euros ($1 billion) in funding to protect jobs during a severe slowdown in the sector, Prime Minister Jose Luis Rodriguez Zapatero said on Thursday.

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The funding is part of an 11 billion euro economic stimulus package unveiled by Zapatero on Thursday to create 300,000 jobs in 2009. (Reporting by Jason Webb; Editing by Sonya Dowsett)



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