Comments on: UK car industry to receive £2.3 billion support package

By: Spitfire

Spitfire — Sat, 31 Jan 2009 04:31:30 +0000

At the end of the day when the world financial crisis is over there will still be to many car manufacturers and a massive oversupply of vehicles. What happens then?

By: Alex

Alex — Wed, 28 Jan 2009 08:28:39 +0000

Fantastic. It doesn’t matter who owns them, it would be a sad day in motoring history if we lost Jaguar or Land Rover. I imagine Aston Martin may also get some of this and that would be a sadder loss again.

By: Frontman

Frontman — Wed, 28 Jan 2009 07:44:51 +0000

Please note, in the same way as the rescue packages in the states are set up, these are loans. Available immediately, however they must be paid back! Kind of a huge HEX FEE loan that Aust Uni students can have, pay it back when you are earning money.

Where as the Australian “RESCUE” package was 6.1bil but spread out over 13 years with a large slice of it requiring $3.00 input to recieve $1.00 govco money. Another large slice of the Australian Rescue Package Donated by K.Rudd was giving more money to the LPG rebate system and other systems not directly relating to the Automotive manufacturing comunity. This is why I laughed when so people went off at the so called bail outs. It is not money for nothing (like was given to Toyota in Australia to build the Hybrid & the money Alabama gave Mercedes Benz to set up a factory there or even the financial bail out packages). All of these Govco assitance packages have Shipping Hausers not strings attached.

By: MisterTwo

MisterTwo — Wed, 28 Jan 2009 05:57:05 +0000

Mazford, my comment was in response to Frugal-One who stated that there wasn’t a “real” British manufacturer insinuating that Australia did have it’s own, which it doesn’t and this is what I was pointing out. The fact is that Ford, Vauxhall, Jaguar-Land Rover, Toyota, Nissan, Honda etc have also invested billions of pounds and thousands of jobs in the UK. So based on that logic are they local too?

By: mazford

mazford — Wed, 28 Jan 2009 02:22:40 +0000

Mister Two………that may be true but they are still important as they supply jobs for the local population. Imagine how many jobs and billions of dollars Ford has contributed to this country over the past 80 years, so they are known as local.

By: MisterTwo

MisterTwo — Wed, 28 Jan 2009 00:59:25 +0000

Same as in Oz then, there isn’t a real “Australian” owned manufacturer in existence. And before everyone jumps up and down Holden and Ford is American, HSV is controlled by a Scot (Tom Walkinshaw) and FPV is majority owned by the English (51% Prodrive).

By: FRUGAL_ONE

FRUGAL_ONE — Wed, 28 Jan 2009 00:26:19 +0000

*****PRIMO!*****

This is a tricky one, no real *British* owned manufacturer exists [ok, the ones that build that black cab] so should the GovCo of the owners of these foreign companies be assisting with payments or the British GovCo.

Regardless, they all should pay back the tax payers money when the times come good again

Cheers

F-0