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Car manufacturers continue to struggle

With news that Bentley is disposing of 220 jobs (which is about 10% of the workforce) and General Motors is looking to cut up to 10,000 jobs worldwide (with a significant number in the UK) it would appear that the UK car manufacturing industry has yet to benefit from the various government initiatives announced over the last few weeks. Many had already indicated that help from UK government was too little too late and many of the major names in the industry could struggle to survive in the short term.

Cost-cutting seems to be the name of the day in industry, with many factories closed and a growing number of staff being jettisoned to save money. Quite when this reduction in staff numbers will end remains to be seen but even if the UK economy was to start a recovery tomorrow, there would be a significant time lag before this would benefit the car manufacturing industry.

This latest round of job cuts is sure to catch the eye of the UK government as well as the UK population and hopefully it will stimulate interest in the sector again. The UK government stands accused of "casting aside" the car manufacturing industry with the vast majority of taxpayer led funding yet again making its way to the banking industry.

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