Car industry needs more loans

Story link: Car industry needs more loans

While it does seem that money is being injected into the car industry left, right and centre, it does not seem like the money is in big enough volume to deal with the current financial struggle that most companies within the motor industry have found themselves in.

Union leaders continue to defend the fact that the UK Motor Industry isn’t on the verge of collapse, but that is questionable.

Car industry needs more loans

UNION leaders have defended their claims that a major UK car plant is on the brink of collapse after the Government accused them of destabilising the industry with ‘rumours’.

Joint Unite union leader, Tony Woodley, warned on Friday that an unnamed plant faces imminent failure unless the Government steps in with an injection of funds.