The Society of Motor Manufacturers and Traders highlights that the production of commercial vehicles is down 64% to 29,950 this year to date. When the overall economy suffers, transport suffers. Another casualty is 1car1 car & van hire which has filed administration.
The Malasian backer of the LDV rescue deal have pulled out threatening more than 6,000 UK jobs. Issues of long-term viability are thought to be hindering government loan guarantees.
