The Business and Enterprise Committee will
conduct a commons inquiry into how the government can help the
car and
car finance industries. The Committee will be chaired by Peter
Luff and quiz reps from both
car and
car component
companies in May.
The government has faced recent criticism over its slow movement to
help firms like
Jaguar
Land Rover, who are calling for immediate assistance to avoid
serious damage.
MPs are thought to be assessing the Automotive Assistance
Programme, a £2.3 billion scheme to help
car companies get
loans and
loan guarantees. Furthermore, whether or not a
scrappage scheme will be introduced remains to be seen.