F&I Management & Training

Britain's beleaguered car industry has already received taxpayer handouts worth £527.5 million, according to figures obtained from the Department for Business Enterprise and Regulatory Reform. And that is before a penny of the £2.3 billion bail-out package announced last month by Business Secretary Lord Mandelson has been distributed. The £527.5m cash handed out to date has been awarded to companies in the automotive sector by Government departments and Regional Development Agencies in England and Wales since 1990. The DBERR says that the figures 'serve as a timely reminder that state handouts to car firms are not a recent phenomenon'.

DATED: 15.02.09

FEED: AW