Local view for "http://purl.org/linkedpolitics/eu/plenary/2009-03-25-Speech-3-179"
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"en.20090325.24.3-179"2
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"Madam President, as you can see, my colleagues are jealous of our relationship, which is why they have acted as our chaperones here this afternoon. I hope my words meet with your seal of approval.
We all know that the car industry is having some serious financial problems. They are documented on a daily basis in all our national newspapers. In the region I represent, there is a large Toyota plant at Burnaston in Derby, where various measures to cut costs have already been enacted to meet the new financial environment. In the excellent new UK parliamentary constituency of Daventry, the McClaren Formula 1 precision engine plant is based, employing over 600 people.
So all of us here know or represent some part of the car industry and we know of the financial problems that there are. But we have actually managed to compound them in this place by passing regulation after regulation after regulation in the good times, not looking forward to when times might be slightly leaner. The car industry cannot cope with the regulations that we have enforced.
Thank you for my extra time. I know the bit at the beginning perhaps cost me some seconds."@en1
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