Car manufacturers need to invest in the future

March 31st, 2009

Recently Lord Mandelson urged the car manufacturers to cut back on over production and invest money in future markets and future products.

Presently people don’t have the money to buy new cars but Lord Madelson believes that car manufacturers need to keep thinking and planning for the future. In November 400 jobs were cut at Jaguar and the Honda plant in Swindon is closed until April. Sales of new cars in February were 22% lower than a year earlier according to a report on The BBC website. However, the belief is that the car industry will survive and we need to be in a position to move forward.

Apparently two areas that are doing quite well during these hard times is the ’small car’ market and also ‘green cars’. Sales of small cars rose by 47.3% in February year on year, and manufacturers are now more interested in green cars and the environment. Lets just hope that prices of green cars comes down too so that we can all do our bit for the environment.

Entry Filed under: green issues, cars