LDV - GOVERNMENT URGED TO 'TURN TALK INTO ACTION' FOR MOTOR JOBS

Burlington, WI, January 27, 2009: LDV, the award winning van manufacturer is calling on the government to 'turn talk into action' in backing companies investing in skills, productivity and green technologies when it makes its announcements on the motor industry later today.

The company wants to see the government do more to accelerate the green market by stimulating consumer demand and putting in place the infrastructure to support it.

LDV like other manufacturers is facing up to a dramatic collapse in global markets, which has seen a 40% drop in van registrations across the industry over the last quarter of 2008 with little indication of when any upturn might occur.

An LDV spokesman said: "The government has talked a lot about backing the jobs of tomorrow. We are a company that is 'doing all the right things' investing heavily in skills, jobs and green technology. It is time for action today. The industry will be watching the Governments announcements closely."

The company has seen its fortunes transformed by GAZ group, which has invested more than $100m in creating 200 new jobs, new skills and technology since taking over LDV in 2006. This investment had seen the company increase registrations by 30% and secure numerous awards for the Maxus model including the 2007 Manufacturer of the Year award.

Ten days ago Transport Secretary Geoff Hoon announced extra funding to develop low carbon vehicles but said further details would not be available until later this year.

LDV has been in dialogue with the Government on any support. Like other manufacturers it is exploring all other avenues including an application to the European Investment Bank for funds to continue its investment in green technology, seeking foreign investment and continuing to pursue an aggressive and innovative manufacturing strategy to rekindle demand.