France proposes measures to make car industry greener

French presented proposals on Monday which it said were aimed at helping its car industry adapt to growing environmental concerns and reducing CO2 emissions.

The measures include raising financial sanctions on cars which emit relatively high levels of CO2 and creating two funds of 25 million euros ($28 million) each to help the sector deal with the required changes, Finance Minister Bruno Le Maire said.

The French government will also soon announce a three-year timetable to provide more visibility on financial incentives for buying electric vehicles, Le Maire told a news conference. ($1 = 0.9073 euros)