Mandelson to make car industry announcement
Tuesday 27th January 2009, 10:59AM GMT.
Business secretary Lord Mandelson is due to make an announcement on relief for Britain’s car industry later today.
He will make the statement to the Lords at 15:10 GMT.
The car industry has been suffering worse than most since the financial crisis began.
The price of commodities required to make vehicles, such as metal, has soared while demand is at an all-time low, not least due to a lack of credit.
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