The motor industry welcomed the relaxation in credit restrictions last night. A Ford spokesman said: “Our company hopes to go back to a four-day week at the beginning of next month, and this new relaxation of the hire purchase order will, we hope, act as a fillip to that objective.”
Spokesmen for Rootes, Vauxhall, and Standard-Triumph International, while hopeful of the effects. thought it would be some time before they could assess any benefits. and a spokesman for the British Motor Corporation in Birmingham commented that it remained to be seen whether the relaxation was sufficient to meet the industry’s difficulties.
Is the Editor of the Parkers website and price guide, formerly editor of Classic Car Weekly, and launch editor/creator of Modern Classics magazine. Has contributed to various motoring titles including Octane, Practical Classics, Evo, Honest John, CAR magazine, Autocar, Pistonheads, Diesel Car, Practical Performance Car, Performance French Car, Car Mechanics, Jaguar World Monthly, MG Enthusiast, Modern MINI, Practical Classics, Fifth Gear Website, Radio 4, and the the Motoring Independent...
Likes 'conditionally challenged' motors and taking them on unfeasible adventures all across Europe.