The government's Business Secretary says the rescue package for Britain's ailing motor industry is aimed at developing green technology
Lord Mandelson faced charges of producing too little and acting too late as he set out a £2.4bn rescue package for Britain's beleaguered car industry. The Business Secretary linked the cash—which was far less than the £13bn demanded by the unions—to manufacturers developing green technology.
Lord Mandelson insisted he was not offering a "bailout" for the motor industry, which employs nearly one million people from the shopfloor to showroom. He argued that the investment would help car companies become "greener, more innovative and more productive". British Car Firms: Go Green To Get Aid - BusinessWeek
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