The government is expected to approve the budget, which will also include subsidies to help companies pay rent and wages as they close businesses, at a cabinet meeting.
The Franco-Japanese industrial alliance is looking to cut back production capacity in view of the economic fallout from the Covid-19 pandemic as the two carmakers realign themselves to the new reality.
The idea of grants is anathema to the EU's self-styled "frugal four", Austria, Sweden, Denmark and the Netherlands, who generally oppose big spending and fear the proposal will lead to a mutualisation of member states' debt.
Hertz earlier laid off about 10,000 employees and said there was substantial doubt about its ability to continue as a going concern. Its operating regions including Europe, Australia and New Zealand are not included in the US proceedings.
Over 2.4 million people filed for unemployment last week in the latest wave of layoffs from the business shutdowns that have brought the economy to its knees.
Prime Minister Li Keqiang told the opening of the National People's Congress that Beijing will not set an economic growth target due to the "great uncertainty" caused by the coronavirus pandemic.
The pullback extended the week's pattern of volatility after a big rally day Monday was followed by a pullback Tuesday and then more gains Wednesday.
Under the notifications system, someone exposed to a person who tests positive for Covid-19 will receive an alert on their phone. The two US companies said 22 countries had so far asked to use their platform.
A father and son suspected of helping former Nissan chief Carlos Ghosn flee Japan in December have been arrested in the United States.
Feeling the pinch of rising Chinese tech, the Silicon Valley giants become political to stay in the game.
The move, which leaves France relatively isolated in Europe alongside Britain and Norway, reflects differences on how such apps should be structured, who has access to sensitive data and their effectiveness.
Facebook Shops will enable businesses to set up a single online store accessible via both Facebook and Instagram, integrated with a messaging feature to allow customers to chat with businesses through WhatsApp, Messenger or Instagram Direct.
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