Summit to discuss automotive future

The Society of Motor Manufacturers and Traders (SMMT) is presenting the first-ever international automotive summit.

The summit in London will provide an opportunity to openly debate the key issues affecting the automotive industry.

Business secretary Lord Mandelson will be among the speakers and the meet will also feature a speech by Ravi Kant, vice chairman of Indian company Tata Motors, which owns Jaguar Land Rover.

Other speakers include shadow business minister Mark Prisk MP and SMMT chief executive Paul Everitt.

It is hoped that the building of innovative technologies, investment in research and the relationship between consumers and the industry, as well as key note speeches, will provide an insight to the future growth of the automotive sector.

The summit comes at a time when the UK motor industry is beginning to recover from the recession that has badly affected vehicle production and sales.

The Government's "cash for bangers" car scrappage scheme has done much to revive the industry's fortunes in recent weeks. But it has been announced that there will be no further extension once the Government's money for the scheme, totalling £400 million, runs out around February 2010.

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