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Car industry help to be unveiled | |
(20 minutes later) | |
Business Secretary Lord Mandelson is to outline a package of government support for the UK car industry in a statement at 1505 GMT to the House of Lords. | |
Ministers have faced calls to bail-out car makers whose sales have slumped as consumer credit has dried up. | |
Lord Mandelson is expected to unveil a scheme aimed at increasing the availability of loans to car buyers. | |
He could also offer cash to train car workers, help for car parts suppliers and grants for "green" research. | |
Under the government's plan, it is thought loans could be provided to the finance arms of the big car makers but critics say this will mainly benefit foreign firms, who supply 80% of Britain's cars. |