• Car Dealer Plus
No Result
View All Result
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
No Result
View All Result

Mandelson: No bail out

Car Dealer Magazine by Car Dealer Magazine
January 9, 2009
0
Home News

LORD Mandelson has told the BBC the car industry DOES NOT need a bail out, but instead help offering finance.

The Business Secretary told the corporation that the industry was facing problems raising finance for buyers.

The Labour Peer explained that the Treasury was therefore considering offering commercial loans or loan guarantees to help the industry through troubled times.

The credit crunch has hit car finance arms hard making it hard for them to obtain credit for consumers.

‘No car company is asking for a bail-out, they may be asking for help in lifting their motor finance arms, needed to fund new car purchases,’ Mandelson told the BBC.

‘And it may be that in one case, commercial loans or loan guarantees from the government to assist them to bridge a very difficult period may be needed.

‘But that is not what I would call a bail-out.’

The FLA has confirmed they are in discussions with the government alongside the SMMT and RMIF.

Loans not bail out for JLR

Government industry aid

Previous Post

BMW dealer bought

Next Post

Sales up for two makers

Related Posts

Jan 21 round-up: Devastating death toll; Homes evacuated; Banks stress tested; Storms boost 4×4 sales
News

Jan 21 round-up: Devastating death toll; Homes evacuated; Banks stress tested; Storms boost 4×4 sales

January 21, 2021
DS Automobiles launches ‘Concierge’ online buying platform
News

DS Automobiles launches ‘Concierge’ online buying platform

January 21, 2021
News

Vauxhall appoints former Nissan GB MD Paul Willcox as new boss

January 21, 2021
Auto Trader launches digital ‘store fronts’ for dealers to build trust with customers
News

Auto Trader launches digital ‘store fronts’ for dealers to build trust with customers

January 21, 2021
UK manufacturing loses some of its ‘bounce’ as recovery growth eases
News

Future of Vauxhall’s Ellesmere Port factory in doubt with decision expected within weeks

January 20, 2021
New Bugatti showroom coming soon as Sytner adds brand to its impressive collection
News

New Bugatti showroom coming soon as Sytner adds brand to its impressive collection

January 20, 2021

Want to receive the latest news?

Sign up to the Car Dealer daily news briefing for the latest news and advice during these unprecedented times.

Subscribe Now
Video: How do you buy a used car online and get it delivered to your house? We put online car dealer Carzam to the test
Car Dealer Live

Video: How do you buy a used car online and get it delivered to your house? We put online car dealer Carzam to the test

January 21, 2021
Used Car Awards Shortlist: Find out who made it through mystery shopping and are now in running for our gongs
News

Used Car Awards Shortlist: Find out who made it through mystery shopping and are now in running for our gongs

January 6, 2021
Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK
Car Dealer Top 100

Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK

January 20, 2021
Car Dealer Live: Data shows there are buyers out there and they want new cars via click and collect, say What Car? team
Car Dealer Live

Car Dealer Live: Data shows there are buyers out there and they want new cars via click and collect, say What Car? team

January 20, 2021
Car Dealer Live: Top tips for car dealers to keep business and spirits high during national lockdown
Car Dealer Live

Car Dealer Live: Top tips for car dealers to keep business and spirits high during national lockdown

January 20, 2021
Become a Car Dealer Plus member and get more out of this website including free legal advice
News

Become a Car Dealer Plus member and get more out of this website including free legal advice

January 15, 2021
Less demand at home and abroad sees car production drop by nearly a fifth
News

Car dealers blast manufacturers for continuing to impose sales targets during lockdown 3 as ‘morally wrong’

January 20, 2021
Car Dealer Power

The best car dealer suppliers named in the Car Dealer Power Awards 2020

November 26, 2020
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
Call us: 020 8125 3880

© 2020 Blackball Media

No Result
View All Result
  • Car Dealer Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100

© 2020 Blackball Media

Log In
Register
Register
Server C