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Motor Vehicles: Industry

Volume 488: debated on Monday 2 March 2009

To ask the Minister of State, Department for Business, Enterprise and Regulatory Reform what progress his Department has made in discussions with the automotive industry on assistance for motor companies and their subsidiaries in the provision of finance for vehicle purchases. (258896)

[holding answer 26 February 2009]: My noble Friend, the Minister for Trade and Investment, is exploring what solutions can be found to enable the car finance industry to access credit. He is consulting with a range of interested parties, including the Bank of England, banks and the motor finance industry.