£80m Euro loan to Ford questioned

Peter Skinner MEP

Peter Skinner MEP

First published in News

AN £80m Euro loan made to Ford’s sprawling Transit plant in Turkey has been raised in the European Parliament.

Southampton’s Labour MEP Peter Skinner questioned the decision by the European Investment Bank to loan the money to the Ford Otosan factory which will take over production of the Transit from Southampton.

The cheap loan, signed off in June, will be used to retool the plant to make the next generation of Transit vans.

Mr Skinner said: “Five hundred (Southampton) workers face an uncertain future and the white van man will have to look overseas for his trusty workhorse.

“I’m concerned about the opaque process which led the European Investment Bank to give Ford’s plant in Turkey 100 million euros just months before the Southampton closure was announced.“Investments in Turkey are meant to be supplementary and create Turkish jobs not to leak EU jobs. It is naive for the EU to ignore the loans of the EIB which could be connected to job transfers out of the EU.”

The EIB has refuted any suggestion its loan funding, formally agreed in March, has “led directly”

to the loss of jobs in Southampton.

Ford said the Ford Otosan plant in Turkey is a separate joint venture business which negotiates its own financing arrangements. A spokesman insisted “categorically”

that the EIB was “unrelated”

to the Southampton closure announcement.

Comments (14)

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2:03pm Thu 22 Nov 12

georgetheseventh says...

Arrogant looking man..also misinformed
Arrogant looking man..also misinformed georgetheseventh
  • Score: 0

3:31pm Thu 22 Nov 12

loosehead says...

Still don't understand when the EU is asking us to pay more(why?) what the hell it's doing giving/lending this money to a non EU country?
There's no way this money isn't going to be used to take work from the EU.
Belgium & Southampton.
EU money was used to build the infrastructure to entice BAT to rebuild a run down factory in Poland so costing this country & several others jobs how can this be right?
Pull out of the EU & use the money to finance our own infrastructure building & bring jobs here
Still don't understand when the EU is asking us to pay more(why?) what the hell it's doing giving/lending this money to a non EU country? There's no way this money isn't going to be used to take work from the EU. Belgium & Southampton. EU money was used to build the infrastructure to entice BAT to rebuild a run down factory in Poland so costing this country & several others jobs how can this be right? Pull out of the EU & use the money to finance our own infrastructure building & bring jobs here loosehead
  • Score: 0

5:07pm Thu 22 Nov 12

ohec says...

The trouble is that all three main parties want to stay in the E.U. despite the fact that the vast majority of the population want a referendum, and i suspect they know what the outcome would be which is why they wont let us have one. The only thing i can remember voting for was a trading agreement with the rest of Europe, and here we are we cant even **** without permission from our leaders in the E.U.and the government seem to think the burning issue of the day is whether or not homosexuals should be allowed to marry. Every day we see the idea of the U.K. staying in the E.U. getting less and less likely and it cant come quick enough for me.
The trouble is that all three main parties want to stay in the E.U. despite the fact that the vast majority of the population want a referendum, and i suspect they know what the outcome would be which is why they wont let us have one. The only thing i can remember voting for was a trading agreement with the rest of Europe, and here we are we cant even **** without permission from our leaders in the E.U.and the government seem to think the burning issue of the day is whether or not homosexuals should be allowed to marry. Every day we see the idea of the U.K. staying in the E.U. getting less and less likely and it cant come quick enough for me. ohec
  • Score: 0

6:42pm Thu 22 Nov 12

loosehead says...

ohec wrote:
The trouble is that all three main parties want to stay in the E.U. despite the fact that the vast majority of the population want a referendum, and i suspect they know what the outcome would be which is why they wont let us have one. The only thing i can remember voting for was a trading agreement with the rest of Europe, and here we are we cant even **** without permission from our leaders in the E.U.and the government seem to think the burning issue of the day is whether or not homosexuals should be allowed to marry. Every day we see the idea of the U.K. staying in the E.U. getting less and less likely and it cant come quick enough for me.
ohec it was the Common Market we were told we were joining keeping our Sovereignty our own laws even pounds,ounces not Metric or even the possibility of losing our currency for the Euro.
we have given £14billion each year & now they want more to keep Poland,Latvia happy ?
Helping to build their infrastructure to take our companies away?
then you have French Farmers who seem to be able to get more grants than ours to keep milk production running at a loss but are doing well off of it.
wait until those other two countries join in the next month or two I think it's Romania & Bulgaria & watch them come here but can't say to much on that as I will get called a racist & I'm not I'm a realist.
Surely this £80million should be used inside the EU not outside?
[quote][p][bold]ohec[/bold] wrote: The trouble is that all three main parties want to stay in the E.U. despite the fact that the vast majority of the population want a referendum, and i suspect they know what the outcome would be which is why they wont let us have one. The only thing i can remember voting for was a trading agreement with the rest of Europe, and here we are we cant even **** without permission from our leaders in the E.U.and the government seem to think the burning issue of the day is whether or not homosexuals should be allowed to marry. Every day we see the idea of the U.K. staying in the E.U. getting less and less likely and it cant come quick enough for me.[/p][/quote]ohec it was the Common Market we were told we were joining keeping our Sovereignty our own laws even pounds,ounces not Metric or even the possibility of losing our currency for the Euro. we have given £14billion each year & now they want more to keep Poland,Latvia happy ? Helping to build their infrastructure to take our companies away? then you have French Farmers who seem to be able to get more grants than ours to keep milk production running at a loss but are doing well off of it. wait until those other two countries join in the next month or two I think it's Romania & Bulgaria & watch them come here but can't say to much on that as I will get called a racist & I'm not I'm a realist. Surely this £80million should be used inside the EU not outside? loosehead
  • Score: 0

9:44am Fri 23 Nov 12

ohec says...

loosehead wrote:
ohec wrote:
The trouble is that all three main parties want to stay in the E.U. despite the fact that the vast majority of the population want a referendum, and i suspect they know what the outcome would be which is why they wont let us have one. The only thing i can remember voting for was a trading agreement with the rest of Europe, and here we are we cant even **** without permission from our leaders in the E.U.and the government seem to think the burning issue of the day is whether or not homosexuals should be allowed to marry. Every day we see the idea of the U.K. staying in the E.U. getting less and less likely and it cant come quick enough for me.
ohec it was the Common Market we were told we were joining keeping our Sovereignty our own laws even pounds,ounces not Metric or even the possibility of losing our currency for the Euro.
we have given £14billion each year & now they want more to keep Poland,Latvia happy ?
Helping to build their infrastructure to take our companies away?
then you have French Farmers who seem to be able to get more grants than ours to keep milk production running at a loss but are doing well off of it.
wait until those other two countries join in the next month or two I think it's Romania & Bulgaria & watch them come here but can't say to much on that as I will get called a racist & I'm not I'm a realist.
Surely this £80million should be used inside the EU not outside?
Exactly so how did we get here we have had stupid restrictions on the shape and size of fruit and all manner of thing plus we have the European court over ruling our courts, health and safety gone mad and now gender equality saying that women drivers should pay the same as boy racers when all premiums should be based on risk not sex,we could go on for hours about how the U.K is fast becoming a suburb of mainland Europe and the damage it is doing to our once great nation. Germany is the biggest paymaster into the E.U. paying about 11 billion but Poland takes nearly all of that the U.K. is the second biggest at around 8 billion and you would like to think that would give us quite a say but in practise we just do as we are told. All we ever hear from the pro E.U. lobby is that Europe are our biggest trading partners but what is that worth if they are all broke, we need to reclaim our independence and go out into the world looking for our own markets. I am sorry to go on but i am so mad when i look at what our country has become.
[quote][p][bold]loosehead[/bold] wrote: [quote][p][bold]ohec[/bold] wrote: The trouble is that all three main parties want to stay in the E.U. despite the fact that the vast majority of the population want a referendum, and i suspect they know what the outcome would be which is why they wont let us have one. The only thing i can remember voting for was a trading agreement with the rest of Europe, and here we are we cant even **** without permission from our leaders in the E.U.and the government seem to think the burning issue of the day is whether or not homosexuals should be allowed to marry. Every day we see the idea of the U.K. staying in the E.U. getting less and less likely and it cant come quick enough for me.[/p][/quote]ohec it was the Common Market we were told we were joining keeping our Sovereignty our own laws even pounds,ounces not Metric or even the possibility of losing our currency for the Euro. we have given £14billion each year & now they want more to keep Poland,Latvia happy ? Helping to build their infrastructure to take our companies away? then you have French Farmers who seem to be able to get more grants than ours to keep milk production running at a loss but are doing well off of it. wait until those other two countries join in the next month or two I think it's Romania & Bulgaria & watch them come here but can't say to much on that as I will get called a racist & I'm not I'm a realist. Surely this £80million should be used inside the EU not outside?[/p][/quote]Exactly so how did we get here we have had stupid restrictions on the shape and size of fruit and all manner of thing plus we have the European court over ruling our courts, health and safety gone mad and now gender equality saying that women drivers should pay the same as boy racers when all premiums should be based on risk not sex,we could go on for hours about how the U.K is fast becoming a suburb of mainland Europe and the damage it is doing to our once great nation. Germany is the biggest paymaster into the E.U. paying about 11 billion but Poland takes nearly all of that the U.K. is the second biggest at around 8 billion and you would like to think that would give us quite a say but in practise we just do as we are told. All we ever hear from the pro E.U. lobby is that Europe are our biggest trading partners but what is that worth if they are all broke, we need to reclaim our independence and go out into the world looking for our own markets. I am sorry to go on but i am so mad when i look at what our country has become. ohec
  • Score: 0

11:32am Fri 23 Nov 12

Subject48 says...

Uk is reaping what its sown. imperialism comes back and bites you in the **** sooner or later.

If the allies wouldint have sold out eatern europe 50 years ago, it wouldint be in such a bad shape. Once UK needs their resources you will be glad they are in the eu.

And if UK pulls out of EU, it will be raped by import/export taxes by EU. Because of overpopulation this islands long since has lost the ability for self sufficiency.

But yeah lets pull out of EU and watch the prices of everything double. You guys are living in a misdilusioned idea of "our great nation". This aint the 1800's anymore.
Uk is reaping what its sown. imperialism comes back and bites you in the **** sooner or later. If the allies wouldint have sold out eatern europe 50 years ago, it wouldint be in such a bad shape. Once UK needs their resources you will be glad they are in the eu. And if UK pulls out of EU, it will be raped by import/export taxes by EU. Because of overpopulation this islands long since has lost the ability for self sufficiency. But yeah lets pull out of EU and watch the prices of everything double. You guys are living in a misdilusioned idea of "our great nation". This aint the 1800's anymore. Subject48
  • Score: 0

11:33am Fri 23 Nov 12

Subject48 says...

But in this case yes, fronting a loan to encourage business outside the EU is rather counter productive. And frankly quite idiotic.
But in this case yes, fronting a loan to encourage business outside the EU is rather counter productive. And frankly quite idiotic. Subject48
  • Score: 0

11:56am Fri 23 Nov 12

loosehead says...

Subject48 wrote:
Uk is reaping what its sown. imperialism comes back and bites you in the **** sooner or later.

If the allies wouldint have sold out eatern europe 50 years ago, it wouldint be in such a bad shape. Once UK needs their resources you will be glad they are in the eu.

And if UK pulls out of EU, it will be raped by import/export taxes by EU. Because of overpopulation this islands long since has lost the ability for self sufficiency.

But yeah lets pull out of EU and watch the prices of everything double. You guys are living in a misdilusioned idea of "our great nation". This aint the 1800's anymore.
Really? BMW,Mercedes,Volkswa
gon all, want to trade here so to wallop us with tax would be very counter productive for the EU.
Ask Norway if they get walloped by taxes & ask them if they're in the EU?
We joint the Common Market & prices did indeed double & Ted Heath was told by Europe to keep wages down & control inflation & then we had three day weeks & God Knows how many jobs were lost.
Companies now either relocate to Poland & Eastern Europe or look outside the EU for work so with the companies that have left here for Eastern Europe we are now importing more products in than we export to the EU.
£14billion back lower taxes & building projects employing more people we will see companies come back not leave so your Pro EU argument now has no foundation what so ever.
I'm a Tory I was Labour I voted NO in the referendum & I hate Heath for taking us in.
[quote][p][bold]Subject48[/bold] wrote: Uk is reaping what its sown. imperialism comes back and bites you in the **** sooner or later. If the allies wouldint have sold out eatern europe 50 years ago, it wouldint be in such a bad shape. Once UK needs their resources you will be glad they are in the eu. And if UK pulls out of EU, it will be raped by import/export taxes by EU. Because of overpopulation this islands long since has lost the ability for self sufficiency. But yeah lets pull out of EU and watch the prices of everything double. You guys are living in a misdilusioned idea of "our great nation". This aint the 1800's anymore.[/p][/quote]Really? BMW,Mercedes,Volkswa gon all, want to trade here so to wallop us with tax would be very counter productive for the EU. Ask Norway if they get walloped by taxes & ask them if they're in the EU? We joint the Common Market & prices did indeed double & Ted Heath was told by Europe to keep wages down & control inflation & then we had three day weeks & God Knows how many jobs were lost. Companies now either relocate to Poland & Eastern Europe or look outside the EU for work so with the companies that have left here for Eastern Europe we are now importing more products in than we export to the EU. £14billion back lower taxes & building projects employing more people we will see companies come back not leave so your Pro EU argument now has no foundation what so ever. I'm a Tory I was Labour I voted NO in the referendum & I hate Heath for taking us in. loosehead
  • Score: 0

12:08pm Fri 23 Nov 12

loosehead says...

ohec wrote:
loosehead wrote:
ohec wrote:
The trouble is that all three main parties want to stay in the E.U. despite the fact that the vast majority of the population want a referendum, and i suspect they know what the outcome would be which is why they wont let us have one. The only thing i can remember voting for was a trading agreement with the rest of Europe, and here we are we cant even **** without permission from our leaders in the E.U.and the government seem to think the burning issue of the day is whether or not homosexuals should be allowed to marry. Every day we see the idea of the U.K. staying in the E.U. getting less and less likely and it cant come quick enough for me.
ohec it was the Common Market we were told we were joining keeping our Sovereignty our own laws even pounds,ounces not Metric or even the possibility of losing our currency for the Euro.
we have given £14billion each year & now they want more to keep Poland,Latvia happy ?
Helping to build their infrastructure to take our companies away?
then you have French Farmers who seem to be able to get more grants than ours to keep milk production running at a loss but are doing well off of it.
wait until those other two countries join in the next month or two I think it's Romania & Bulgaria & watch them come here but can't say to much on that as I will get called a racist & I'm not I'm a realist.
Surely this £80million should be used inside the EU not outside?
Exactly so how did we get here we have had stupid restrictions on the shape and size of fruit and all manner of thing plus we have the European court over ruling our courts, health and safety gone mad and now gender equality saying that women drivers should pay the same as boy racers when all premiums should be based on risk not sex,we could go on for hours about how the U.K is fast becoming a suburb of mainland Europe and the damage it is doing to our once great nation. Germany is the biggest paymaster into the E.U. paying about 11 billion but Poland takes nearly all of that the U.K. is the second biggest at around 8 billion and you would like to think that would give us quite a say but in practise we just do as we are told. All we ever hear from the pro E.U. lobby is that Europe are our biggest trading partners but what is that worth if they are all broke, we need to reclaim our independence and go out into the world looking for our own markets. I am sorry to go on but i am so mad when i look at what our country has become.
ohec take a look at a few companies we've lost to EU rulings plus cheaper working practices in Eastern Europe plus our money paying for their building projects.
BAT EU refused to let them export outside to the EU at the strength of cigarettes those countries wanted.
An Old Building torn down & rebuilt in Poland 1,000 jobs lost here.Black & Decker cheaper Labour in Hungary I wonder what grants they got?
I can't remember the companies name but I think it was the makers of Colgate on Merseyside that shut up shop here to go to eastern europe,
Then the biggest joke of all was when Mandelson didn't get an agreement in writing but took word of mouth from Kraft allowed them a huge loan to buy Cadburys only for them to close the Bristol Factory to open up in Poland & isn't Twinnings moving to Eastern Europe as well?
GET THE HELL OUT OF the EU we don't need a referendum as we never voted to join the EU but the now defunct Common Market
[quote][p][bold]ohec[/bold] wrote: [quote][p][bold]loosehead[/bold] wrote: [quote][p][bold]ohec[/bold] wrote: The trouble is that all three main parties want to stay in the E.U. despite the fact that the vast majority of the population want a referendum, and i suspect they know what the outcome would be which is why they wont let us have one. The only thing i can remember voting for was a trading agreement with the rest of Europe, and here we are we cant even **** without permission from our leaders in the E.U.and the government seem to think the burning issue of the day is whether or not homosexuals should be allowed to marry. Every day we see the idea of the U.K. staying in the E.U. getting less and less likely and it cant come quick enough for me.[/p][/quote]ohec it was the Common Market we were told we were joining keeping our Sovereignty our own laws even pounds,ounces not Metric or even the possibility of losing our currency for the Euro. we have given £14billion each year & now they want more to keep Poland,Latvia happy ? Helping to build their infrastructure to take our companies away? then you have French Farmers who seem to be able to get more grants than ours to keep milk production running at a loss but are doing well off of it. wait until those other two countries join in the next month or two I think it's Romania & Bulgaria & watch them come here but can't say to much on that as I will get called a racist & I'm not I'm a realist. Surely this £80million should be used inside the EU not outside?[/p][/quote]Exactly so how did we get here we have had stupid restrictions on the shape and size of fruit and all manner of thing plus we have the European court over ruling our courts, health and safety gone mad and now gender equality saying that women drivers should pay the same as boy racers when all premiums should be based on risk not sex,we could go on for hours about how the U.K is fast becoming a suburb of mainland Europe and the damage it is doing to our once great nation. Germany is the biggest paymaster into the E.U. paying about 11 billion but Poland takes nearly all of that the U.K. is the second biggest at around 8 billion and you would like to think that would give us quite a say but in practise we just do as we are told. All we ever hear from the pro E.U. lobby is that Europe are our biggest trading partners but what is that worth if they are all broke, we need to reclaim our independence and go out into the world looking for our own markets. I am sorry to go on but i am so mad when i look at what our country has become.[/p][/quote]ohec take a look at a few companies we've lost to EU rulings plus cheaper working practices in Eastern Europe plus our money paying for their building projects. BAT EU refused to let them export outside to the EU at the strength of cigarettes those countries wanted. An Old Building torn down & rebuilt in Poland 1,000 jobs lost here.Black & Decker cheaper Labour in Hungary I wonder what grants they got? I can't remember the companies name but I think it was the makers of Colgate on Merseyside that shut up shop here to go to eastern europe, Then the biggest joke of all was when Mandelson didn't get an agreement in writing but took word of mouth from Kraft allowed them a huge loan to buy Cadburys only for them to close the Bristol Factory to open up in Poland & isn't Twinnings moving to Eastern Europe as well? GET THE HELL OUT OF the EU we don't need a referendum as we never voted to join the EU but the now defunct Common Market loosehead
  • Score: 0

12:09pm Fri 23 Nov 12

ohec says...

The worst thing that ever happened to this country was getting involved with Europe full stop not to mention building that tunnel our biggest defence was the fact we were an island and now we have a physical link we will live to regret, Europeans don't like us and we don't like them especially the French.
I don't know if its too late but it would be nice to be proud to say we are British again.
The worst thing that ever happened to this country was getting involved with Europe full stop not to mention building that tunnel our biggest defence was the fact we were an island and now we have a physical link we will live to regret, Europeans don't like us and we don't like them especially the French. I don't know if its too late but it would be nice to be proud to say we are British again. ohec
  • Score: 0

12:10pm Fri 23 Nov 12

loosehead says...

ohec wrote:
The worst thing that ever happened to this country was getting involved with Europe full stop not to mention building that tunnel our biggest defence was the fact we were an island and now we have a physical link we will live to regret, Europeans don't like us and we don't like them especially the French.
I don't know if its too late but it would be nice to be proud to say we are British again.
I really Totally agree with you!
[quote][p][bold]ohec[/bold] wrote: The worst thing that ever happened to this country was getting involved with Europe full stop not to mention building that tunnel our biggest defence was the fact we were an island and now we have a physical link we will live to regret, Europeans don't like us and we don't like them especially the French. I don't know if its too late but it would be nice to be proud to say we are British again.[/p][/quote]I really Totally agree with you! loosehead
  • Score: 0

12:36pm Fri 23 Nov 12

Subject48 says...

As to norway, no you cant compare the two.

Its not the grants that do away with business leaving UK, its the fact they have better working practice and work ethics. People from those countries understand that you have to work for a living loosehead and are happy with a job, rather then the dole.

If as you say UK is only importing, how long do you think before EU suppliers realise they are no longer constrained by trade agreement and can sell whatever crap they want to Uk for as much as they want.

Liekwise if we take what you say is true about export, do you not think eu would then decide to put an unfair import taxt on UK products to ensure EU countries stay ahead in the competition.

I do pity your closemindeness. But I do hope you get your way. Just so you can see.
As to norway, no you cant compare the two. Its not the grants that do away with business leaving UK, its the fact they have better working practice and work ethics. People from those countries understand that you have to work for a living loosehead and are happy with a job, rather then the dole. If as you say UK is only importing, how long do you think before EU suppliers realise they are no longer constrained by trade agreement and can sell whatever crap they want to Uk for as much as they want. Liekwise if we take what you say is true about export, do you not think eu would then decide to put an unfair import taxt on UK products to ensure EU countries stay ahead in the competition. I do pity your closemindeness. But I do hope you get your way. Just so you can see. Subject48
  • Score: 0

3:42pm Fri 23 Nov 12

loosehead says...

Subject48 wrote:
As to norway, no you cant compare the two.

Its not the grants that do away with business leaving UK, its the fact they have better working practice and work ethics. People from those countries understand that you have to work for a living loosehead and are happy with a job, rather then the dole.

If as you say UK is only importing, how long do you think before EU suppliers realise they are no longer constrained by trade agreement and can sell whatever crap they want to Uk for as much as they want.

Liekwise if we take what you say is true about export, do you not think eu would then decide to put an unfair import taxt on UK products to ensure EU countries stay ahead in the competition.

I do pity your closemindeness. But I do hope you get your way. Just so you can see.
After your last post on bin collections you've lost all credibility with me sorry
[quote][p][bold]Subject48[/bold] wrote: As to norway, no you cant compare the two. Its not the grants that do away with business leaving UK, its the fact they have better working practice and work ethics. People from those countries understand that you have to work for a living loosehead and are happy with a job, rather then the dole. If as you say UK is only importing, how long do you think before EU suppliers realise they are no longer constrained by trade agreement and can sell whatever crap they want to Uk for as much as they want. Liekwise if we take what you say is true about export, do you not think eu would then decide to put an unfair import taxt on UK products to ensure EU countries stay ahead in the competition. I do pity your closemindeness. But I do hope you get your way. Just so you can see.[/p][/quote]After your last post on bin collections you've lost all credibility with me sorry loosehead
  • Score: 0

4:31pm Fri 23 Nov 12

ohec says...

Its sad to see posts like Subject 48s maybe he is of a generation that can't comprehend what Great Britain was before we were sold down the river by different governments, a time when products proudly bore the inscription :MADE IN GREAT BRITAIN: and it meant something, worldwide it was accepted as a mark of quality. As a nation we are just as capable of a hard days work as anybody but time after time we are let down by greedy self serving M.Ps whose only thought is themselves and then on top of them we get another layer of eurocrats who also have their noses in the trough and bit by bit they have sold our industries or they have been encouraged to take their businesses abroad, at the same time they have flooded the country with immigrants and then wonder why so many are claiming benefits.
Eastern Europeans have been given free access to our country and its benefit system so that they can claim for children back home with little or no checks, and there's more to come, our country is literally being raped by the E.U. and when they are finished we will be tossed aside like so much rubbish. By then we will have paid to rebuild eastern Europe and we will be a third world country.
Its sad to see posts like Subject 48s maybe he is of a generation that can't comprehend what Great Britain was before we were sold down the river by different governments, a time when products proudly bore the inscription :MADE IN GREAT BRITAIN: and it meant something, worldwide it was accepted as a mark of quality. As a nation we are just as capable of a hard days work as anybody but time after time we are let down by greedy self serving M.Ps whose only thought is themselves and then on top of them we get another layer of eurocrats who also have their noses in the trough and bit by bit they have sold our industries or they have been encouraged to take their businesses abroad, at the same time they have flooded the country with immigrants and then wonder why so many are claiming benefits. Eastern Europeans have been given free access to our country and its benefit system so that they can claim for children back home with little or no checks, and there's more to come, our country is literally being raped by the E.U. and when they are finished we will be tossed aside like so much rubbish. By then we will have paid to rebuild eastern Europe and we will be a third world country. ohec
  • Score: 0

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