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Recession - Stimulating the car industry

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Comments

  • RP 7 out of 10 cars purchased in the UK are imported anyway. All the manufacturers based here are foreign, they are not here out of the kindness of their hearts, but because it is commercially worth their while to do so. German and French Govts supporting auto companies that are domicile in those countries, is very different from supporting a company over which you have little or no control. We did it before in the early 70's by giving Chrysler money, what did they do? Spent some of it in France and then pulled out of the Uk altogether

    We have a similar dillema coming up with the A400M
    [strike]Debt @ LBM 04/07 £14,804[/strike]01/08 [strike]£10,472[/strike]now debt free:j

    Target: Stay debt free
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    ninky wrote: »
    so do you agree that we shouldn't have bailed out the banks OR the car industry?

    I agree with that statement.
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