February 23, 2009
LDV need government help
Story link: LDV need government help
It seems that the Midlands is one of the many regions that is coming to stand still, but maybe on a slightly larger scale than other regions.
Already, the Midlands has seen Land Rover and Jaguar plea for help from the Government and now it’s the turn of LDV, the van company that if closed, would take 900 jobs with it!
The government has told ailing van maker LDV that the taxpayer cannot be expected to bail out the firm, after it asked for £30m in loans.
The firm has asked the government for a bridging loan because it is “literally running out of cash”.