Tuesday, November 18, 2008
Carmakers lobby chancellor for financial help
Britain's carmakers are to make their first appeal to government for direct financial support this week, reported the SundayTimes yesterday.
The newspaper claims they will ask chancellor Alistair Darling for cheap loans to fund their finance arms and help with restructuring manufacturing operations.
It quoted sources saying UK car companies were not "holding out a begging bowl", but were asking for support to tide over a healthy industry through an unprecedented period of turbulence.
DATED: 18.11.08
FEED: AM
