Summary
A RESCUE package worth up to Pounds 2.3billion for Britain's ailing car industry was last night dismissed as a damp squib by union leaders and the Conservatives.
Business Secretary Lord Mandelson said motor manufacturers would join banks in getting help from the taxpayer - three months after the Government first indicated it was ready to help.See the full content of this document
Extract
Pounds 2.3billion Rescue for Car Makers Gets Cool Welcome
The long-awaited package includes a scheme to unlock Pounds 1.3billion of loans from the EU for car manufacturers and major suppliers.
The taxpayer will also be asked to guarantee a further Pounds 1billion of loans to fund investment in ...See the full content of this document
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