News

What do car makers want?

  • Should the car industry get aid?
  • Is it enough to help car makers survive?
  • Tell us what you think of the aid package
Words ByWhat Car? Staff

Need a valuation?

Obtain a FREE used car valuation for any vehicle.

GB

An article image
An article image

What do car makers want?
Prior to the meeting the SMMT also outlined what it hoped to get from Mandelson, and it is clear that their wish-list was largely ignored.

These requirements were:

  • Fast access to credit for vehicle manufacturers and the supply chain in the UK (supplied in part)

  • Support for a European Investment Bank (EIB) loan package for the automotive industry (supplied)

  • Allowing vehicle manufacturer finance companies access to special liquidity arrangements (not supplied)

  • Increasing capital allowances for business and fleet buyers (not supplied)

  • Review legislation regarding changes to business rates relief (not supplied)

  • Scrap plans for increased VED and new first year rate (not supplied)