News continues to look bleak for motoring industry across the whole of Europe and indeed across the entire globe. GM motors across the pond has continued to slide into the deep red pit of obscurity. The Obama administration is now looking to enforce bankruptcy upon the company due to their continuing poor financial performance.
GM’s failure is also having a large knock-on effect on this side of the pond. The British government are now formulating plans to help cope with the potential collapse of GM owned Vauxhall. At Ellesmere Port and Luton over 5,000 people are employed by Vauxhall and there are worrying signs that jobs may have to go.
Other sectors of the car industry are similarly in trouble. The volume of people taking out car hire in Italy and on the rest of the continent has significantly dropped due to the Pounds poor performance against the Euro. Many car hire retailers are struggling, but it appears all is not lost. There are encouraging signs that the UK economy has started to bounce and the £ is once again rallying against its European counterparts.
In other Motoring news the government announced that the UK scrappage scheme appears to be working. According to industry statistics over 35,000 new cars have been ordered through the scrappage system. However, there are also worrying signs that some of the more disreputable retailers have raised individual prices in order to maximise profit.
Remember when you head to the dealers to use all your best bargaining skills. Check out Terry Tibbs he knows how to haggle…..
[quote]At Ellesmere Port in Luton…[/quote]
I’m sure you mean “At Ellesmere Port [b]AND[/b] Luton…”
Cheers dude, as you can tell geography was not Moonbadgers strongest subject, neither was English, maths or science.
[...] the government has tried a series of measures to boost ailing UK car dealers and manufacturers. The government’s car scrappage scheme appears to have provided a temporary boost for manufacturers, but retailers are still unsure as to [...]