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Mandelson says car help too slow

Business Secretary Lord Mandelson has said he wished talks with the Treasury and Bank of England on help for car financing schemes had "gone quicker".

Thursday, 12 March 2009

BBC News

Financial Times

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Reuters News

  • Mandelson frustrated by slowness of car aidLONDON (Reuters) - Business Secretary Peter Mandelson said on Wednesday he regretted the time it was taking the Treasury and Bank of England to get aid to the car industry.

Mail Online

Transport Briefing

Belfast Telegraph

  • Toyota announces cutbacks Car giant Toyota today announced cuts in production and pay at its two UK factories in another sign of the crisis facing the motor industry.
  • Aer Lingus posts loss of £110m AER Lingus today posted a pre-tax loss of €119.7m (£110m) for last year and warned that bigger losses were on the cards for this year.

Derby Telegraph

Liverpool Echo

London Evening Standard

Metro

  • Salt provision on roads reviewA review into the provision of salt for winter roads will be held after supplies ran ’very low’ during the recent cold snap.

Sheffield Telegraph

  • Bus gate change 'could risk lives'LIVES could be put at risk if controversial proposals to relax the Wicker Bus Gate restrictions go ahead, it has been claimed The city centre, south and east planning board has been recommended to reverse its decision to cut operating times of the restrictions from 24 hours to 12 hours.

Wales Online

  • Cardiff to get £28m transport investment – with free bikesA £28.5M investment in transport in Cardiff has provoked annoyance in Swansea. The leader of Swansea council yesterday expressed frustration at the Welsh Assembly Government’s willingness to pay for free buses in the capital while his city struggles to fund transport improvements.
  • Toyota cuts production at UK factoriesThe motor industry suffered another body blow today when Japanese car giant Toyota announced cuts in production and pay at its two UK factories minutes before the Government held a special summit to discuss the automotive crisis.

Yorkshire Evening Post

Sunderland Echo

Forbes

International Herald Tribune

  • Airline travel in slumpThe chief executive of Southwest Airlines, Gary Kelly, said that travel slumped early this month from the sluggish pace of February and that the airline industry had not yet hit bottom amid the worldwide financial crisis.

Washington Post

  • Metro's Crisis PartnersONE OF THE FEW bright spots of the recession is the continued popularity of mass transit. Even with gasoline prices down, commuters are flocking to rail lines and buses; the last time nationwide ridership was this high, Dwight D. Eisenhower was president.
  • Ford-UAW deal cuts wages to $55 an hour DETROIT (Reuters) - Ford Motor Co expects operating savings of $500 million per year from an agreement with the United Auto Workers that also will make its labor costs competitive with Japanese rivals, the company said on Wednesday.

Railnews

Aviation Industry

Other News Sources

  • Bus station car parking slashedDrivers will be unable to park on the top two floors of Preston bus station from next month. Public access to floors eight and nine will be blocked from Wednesday April 1 to save taxpayers £20,000 a year in running and maintenance costs.
  • Guided bus firm locks horns over new contractorTHE firm building the guided busway has reacted angrily to Cambridgeshire County Council's decision to bring in a second contractor. BAM Nuttall is already at loggerheads with the council about the bill for the controversial project.
  • Bus station pedestrianisation planHalf of Preston bus station's concourse is to be pedestrianised to allow easier and safer access to the building.
  • Concessionary bus fares for young people proposedWestmorland and Lonsdale MP Tim Farron has written to the Department of Transport asking it to help people under the age of 25 by introducing a concessionary bus fare scheme in South Lakeland.
  • Bus companies back Queen Street pedestrianisationPROPOSALS to cut buses in Oxford city centre by a quarter and pedestrianise Queen Street earlier than expected are being put forward by Oxford’s two main bus companies.
  • £1.5m spent on safer busesSTAGECOACH North West has invested £1.5 million in nine new buses for its X2 route linking Liverpool to Preston, via Southport and Crosby.
  • Watch Out For The Poo Choo Train At Hatfield!Mr Morris, a magazine editor, said the Mk4 Mallard trains used by National Express were to blame for the problem, which he described as "completely preventable".
  • Train operator told to get on trackTrain operator London Midland has been warned it will pay the price unless it improves services. Following criticism over delays and cancellations of London and Bedford line trains, it is now under fire over facilities at Milton Keynes Central Station.
  • Commuters from Sussex in line for more delaysJust weeks after the hugely criticised introduction of Southern’s new timetable, First Capital Connect (FCC) has announced it will launch its new Thameslink Programme on March 22.
  • Train buffet car plans run on timeTHE first of 18 mini-buffet cars for First Great Western’s High Speed Trains is due to start in May.
  • Rail bosses to tackle station road 'danger'A 'VERY dangerous' junction at Rugeley Trent Valley station will be improved following concerns raised over driver safety, the Mercury can reveal.
  • Loud trains cause Tube disruptionA busy Tube station was partially shut during rush hour because the trains were too noisy, it has been revealed. The closure on the Central Line part of Bank station happened after passengers complai...
  • A £2,500 handout to scrap your old carMotorists are to be offered up to £2,500 in taxpayer-funded handouts for trading their old car in for a newer model
  • Toyota set to announce fresh job cutsJapanese car giant Toyota is expected to announce more jobs cuts due to falling sales, as motor industry officials meet the Government to discuss a £2.3bn aid scheme
  • Cambridge looks at road pricingCambridge is set to become the next city to attempt to introduce a congestion charging scheme.
  • Clipper Logistics is still growingClipper Group's logistics arm enjoyed a 35% boost in operating profit in the year to 30 April to £7.7m before exceptional costs, on turnover up 13% to £94.5m.
  • Government must fast-track production of greener carsFall in carbon emissions of new cars is not enough says Friends of the Earth - Government must ensure car makers meet EU targets

EIN News Subscription

  • European airlines grapple with bleak 2009Germany's Lufthansa warned of a considerable fall in 2009 operating profit and Ireland's Aer Lingus gave up any chance of a pretax profit as airlines brace for a sharp slowdown in air travel.

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