§ Mr. Hoyleasked the Secretary of State for Industry what will be the Government involvement in Chrysler after 1980; and what steps he has taken to achieve a third planning agreement to cover the period of the early 1980s.
Mr. Alan WilliamsDetails of the obligations of the three signatories are set out in the 5th January 1976 agreement, a copy of which was placed in the Library. These relate to the period until Chrysler's financial obligations to the Government have been discharged.
Discussions on future planning agreements will start once the second agreement has been concluded and signed. I hope this will be done in the near future.