Business Secretary Vince Cable has warned car manufacturers that the coalition Government has no desire to safeguard the industry through subsidies.
Speaking to the Society of Motor Manufacturers and Traders International Summit last week, he said the Government will stand by the industry but can only offer “genuinely affordable” support. The previous Labour Government offered state aid to attract Nissan and Ford to bring low-carbon production to the UK, set up the scrappage scheme to bolster…
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