CITY VIEWS: HAS THE GOVERNMENT DONE ENOUGH FOR THE CAR INDUSTRY?
JOHAN BLEEKER INVESTMENT BANKER
“No one really understands huge car companies, and getting good insight is hard. If the government is going to intervene, it should be to call for more transparency in the industry and find out where the help really needs to go.”
KEITH RIDGE MARTIN BROKERS
“The scrappage scheme is only a £300m investment into the industry, it’s not enough to rescue it. But car businesses have been badly run. To bail them out would be to bail out a lame duck. More support could be given to buyers, which would in turn stimulate the industry.”
MICHAEL GILMORE BROOK STREET RECRUITMENT
“The government should have done more to help out the car industry. But now that plants are closing, and the bankruptcy of GM is imminent, I think it would be wise to spend money on retraining those who are being made unemployed.”