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UK's Society of Motor Manufactuers and Traders urges EC to act to rejuvenate the car market.

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Lord Mandelson will meet motor industry bosses and unions to discuss the Government's £2.3 billion rescue package.

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The government will guarantee up to £2.3bn of loans to the car industry as it struggles with falling demand Business Secretary Lord Mandelson said.

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Business Secretary to unveil plan to rescue the struggling car industry which will see easier credit being offered to car buyers.

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Lord Mandelson is set to unveil Government loans to help car companies stimulate sales of new vehicles.

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