Motor industry chiefs have called upon Peter Mandelson to discuss a resolution to the economic crisis currently blighting the sector, it has been reported.
The meeting with the secretary of state for business followed the news that Jaguar Land Rover is taking steps to cut its workforce in the West Midlands by 850.
Paul Everitt, the chief executive of the Society of Motor Manufacturers and Traders, said that executives at the meeting had emphasised the need to urgently address liquidity and to restore demand.
In addition to the impending recession, car sales in the UK have fallen by 20 per cent in each of the last two months, it was noted.
Unite union's national officer, Dave Osborne, said: "These latest reductions mean it's more important than ever for the government to take direct action to make low-cost loans available to the car industry."
Meanwhile, the Times has claimed that the chancellor of the Exchequer Alistair Darling has entered a £1 trillion debt gamble in order to defeat the recession.
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