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...

What do car makers want?
Author Avatar
What Car? Staff
29 Jan 2009 17:48

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)