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Car Dealer Issue 40

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NEWS

Scrappage scheme ends

SCRAPPAGE will come to an end TODAY as final funds for the successful Government scheme are used up. The industry-boosting scheme is set to go down in history as a landmark in the UK car dealer world. Up to 400,000 new car buyers have been helped into new cars, but the significant of the scheme [...]

	Vauxhall £270m loan
BUSINESS secretary Lord Mandelson has revealed details of a £270m loan that will ‘help secure’ Vauxhall. The loan package to GME Europe is being made under the Government’s Automotive Assistance Programme. GME needs the money to secure longer-term investment. A recent guarantee of €1.9bn from GM has, Car Dealer Magazine, ensured the company has the [...]

	Scrappage rationed
MINISTERS are to allocate quotas to car makers for the final funds from the scrappage cash pot. Officials say rebates for less than 82,000 cars remains as the scheme enters its final weeks. The rationing will be based on brand popularity, said business secretary Lord Mandelson. This, he said, will ensure the scheme runs down [...]

	Mandy Council success
LORD Mandelson has pronounced the first Automotive Council meeting last week to be a significant success. The UK car industry will strengthen its approach to future eco motoring as a consequence, he explained. As Car Dealer Magazine earlier reported, the Council is already having an effect, following the announcement of a £19 million competition. ‘This [...]

	Automotive Council first
AUTOMOTIVE Council members have met for the first time to start strengthening industry-Government links. The inaugural meet kicked off with a big £19 million competition to boost UK low carbon vehicle projects. Lord Mandelson and Professor Richard Parry Jones are co-chairman of the Council, which aims to secure a UK car industry future. SMMT top [...]

		RMIF writes to Mandelson
		RMIF chairman Paul Williams has written an open letter to business secretary Lord Mandelson. In it, he asks for assurances on the future of Vauxhall’s 500-strong UK car dealer network. Williams calls on Mandelson not to forget the network in ongoing discussions over the maker’s future. This is because Vauxhall car dealers directly employ a [...]
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