US car rescue plan boosts FTSE

The FTSE 100 Index finished the session just 1% lower today after a bail-out of the US car industry helped Wall Street markets open on the front foot.

US car rescue plan boosts FTSE
Fri, 19 Dec, 2008 - 18:34

The FTSE 100 Index finished the session just 1% lower today after a bail-out of the US car industry helped Wall Street markets open on the front foot.

Details of the potential 17.4 billion US dollar rescue for America’s big three car makers eased nerves after a heavy fall for London shares in early trading.

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CourtsBusinessHeathrowPlace: USPlace: Wall StreetPlace: AmericaPlace: LondonPerson: prime ministerPerson: Gordon BrownEvent: LondonOrganisation: FTSEOrganisation: FootsieOrganisation: Goldman SachsOrganisation: UBSOrganisation: XstrataOrganisation: Vedanta ResourcesOrganisation: Rio TintoOrganisation: New York Mercantile ExchangeOrganisation: BPOrganisation: Royal Dutch ShellOrganisation: ShellOrganisation: Merrill LynchOrganisation: Royal Bank of ScotlandOrganisation: HSBCOrganisation: BarclaysOrganisation: Lloyds TSBOrganisation: CarnivalOrganisation: Marks & SpencerOrganisation: KBC Peel HuntOrganisation: TescoOrganisation: MorrisonsOrganisation: LookersOrganisation: HuntingOrganisation: AMECOrganisation: Wood GroupOrganisation: RSA InsuranceOrganisation: Capita GroupOrganisation: Standard Life
<p>In the first eight months of the year, 116,099 new cars were registered, a 3.4% increase, of which 20,656 were electric cars representing a 37% year-on-year increase. File picture</p>

Electric car sales surge by 70% in Ireland, but Tesla's decline continues

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