British Finance Minister Rishi Sunak will rescue companies seen as strategically important on a “last resort” basis after other options run out.
The Treasury told Reuters late on Sunday it may try to save those companies whose failure will “disproportionately harm the economy” and that could include Jaguar Land Rover which has been reported as seeking massive assistance to offset losses due to the Coronavirus lockdown around the world.
Aston Martin Chief Executive Andy Palmer is reportedly leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, according to the Financial Times and other media.
It is part of a shakeup at the luxury sports car maker which has been rescued with a cash injection this year and is about to launch its new St Athan-made DBX suv around the world.
French Environment Minister Elisabeth Borne has said the French government wants Renault to stop developing production capacity abroad in exchange for state support.
The government has promised the car maker a 5 billion euro (£4.49 billion) loan to help it cope with the coronavirus crisis, but subject to the car maker agreeing home production terms.
About 60,000 VW owners in Germany may claim damages from the car maker after its most senior court dismissed an attempt to block the payment for falsifying emissions in Gov. tests.
In America it had to compensate tens of thousands of VW owners but in Europe the approach has been piecemeal to compensation and a UK case is still going on, although VW UK has always denied it has done anything wrong.
Some 41% of drivers fear catching coronavirus by handling the fuel pump nozzle at a filling station, they have told pollsters for Admiral insurance.
Half now wear gloves when refuelling and 77% wash their hands after driving, half of taxi drivers fear they will pick up infection at a filling station and one in six admits unnecessary journeys.