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Italy Weighs 1 Billion Euros in Annual Aid to Boost Car Industry

Cars at a dealership in Rome, Italy.

Cars at a dealership in Rome, Italy.

Photographer: Alessia Pierdomenico/Bloomberg
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Italy may earmark funding of as much as 1 billion euros ($1.1 billion) per year to help support its stricken auto industry, Economic Development Minister Giancarlo Giorgetti said on Thursday.