The UK car industry finally has some good news. Business Secretary Lord Mandelson today outlined a loan package potentially worth up to £2.3bn.
This includes a scheme to unlock £1.3bn of European loans and a government guarantee for up to £1bn of further loans.
The news was welcomed by Jaguar Land Rover and the Society of Motor Manufacturers and Traders.
Tuesday, January 27, 2009
Good news for UK car industry
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