UK motor industry in meltdown

According to today's Daily Mail Britain's car industry is in meltdown as new figures showed production has halved in 12 months and amid warnings a UK plant employing 100,000 may collapse.

61,404 cars were manufactured last month, 58.7 per cent down on this time last year with 83.5% destined for export, according to the Society of Motor Manufacturers and Traders.

Union leaders have  warned Alistair Darling that 100,000 jobs at a car plant are under threat because it is in danger of 'imminent' closure.  additionally Saab, which has 80 dealerships in the UK, announced it was filing for protection against creditors in a bid to save its business.