British government launches car industry aid package
The British government has announced a £2.3 billion package of aid to attempt to support the country's car manufacturing industry. Lord Peter Mandelson, the Secretary of State for Business, Enterprise and Regulatory Reform announced to the House of Lords that the government planned to obtain £1.3 billion from the European Investment Bank for the industry. A further £1 billion loan is available if the industry agrees to invest it in environmentally friendly vehicles. Mandleson told the Lords that the industry is vital to the British economy, w
Source: Wikinews