Earlier today, British Business Secretary Peter Mandelson unveiled a package aimed at helping the struggling domestic auto industry survive as sales continue to tumble. The package calls for 1.3 billion pounds – about $1.8 billion – in special funds provided by the European Union and earmarked for the industry.
The government will also provide loan guarantees up to 1 billion pounds.
Jaguar Land Rover, one of Britain’s highest-volume producers, has already stated that an aid package wouldn’t address the root of the problem – struggling sales.
The industry employs nearly 1 million Britons and accounts for about 10 percent of exports.
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01/27, 12:16 PM
posted by:
mayer_ray_nagin
Damn, 1.3B pounds is 1.8M dollars? That dollar rallied a lot last night!
01/27, 12:25 PM
posted by:
Struggle
But don’t the Indians own Jag/LR now?
01/27, 12:38 PM
posted by:
johnnycanuck
Stuggle, same as the Canada deal. It’s about jobs, not where the company’s owner has his harem.
01/27, 12:39 PM
posted by:
johnnycanuck
Sorry… Struggle. Ironic I’d screw up on that one, eh?
01/27, 1:02 PM
posted by:
yarddog82abn
I remember a British sales man I worked with, he had years working for Ford over in the U.K.. He came state side because his daughter got a job in the Embassy, so why not. The guy was good, but it took him a week or so to get in the rhythm of things, well anyways I made a 8 PONDER deal on a new Ford Thunderbird, he did not under stand what the big deal was. He came up to me and told me; “Hay mate, that is absolute rubbish!”, “that’s a bloody good deal, and all they are going to give you is 8 pounds?”, “Are they MAD?”… LOL once I told him, then he under stood.
And for anyone wondering what a “ponder” is in car lingo, go work sells at a car dealer, you gotta find out the hard way… Or rent the movie “Suckers”… but you may still be even more lost after watching it…
01/27, 1:12 PM
posted by:
cocksterS
I’m lost after reading your post
01/27, 1:17 PM
posted by:
Got Handling?
second that, what was his point exactly?
01/27, 1:22 PM
posted by:
yarddog82abn
“The package calls for 1.3 billion pounds”
In “car-sales-lingo” a pound is known for something els…
01/27, 1:46 PM
posted by:
johnnycanuck
…and that would be what salespeople do with their meat when the manager’s out for lunch?
01/27, 1:53 PM
posted by:
TomF
Is this like a crossword, where you have to wait a week to get the puzzle answer?
01/27, 3:06 PM
posted by:
CarCzarCdn
yeah……i’m lost on the whole 8 ponder thing…….I’m assuming he meant “pound”. I’ve worked in Car Sales and in the car industry for a while but haven’t heard that expression before.
01/27, 4:30 PM
posted by:
yarddog82abn
Just rent the movie “Suckersâ€, a joke is not funny when you have to explain it…
01/27, 9:32 PM
posted by:
Borat
It was plenty funny reading Johnny commentary.
Tom, on this site no one knows what crossword is, including me.
yarddog82abn, I am glad you are keeping your daytime job and not venturing into comedy or poetry or writing novels.