MPs have heard the view of business leaders, ministers, civil servants and union officials as they investigated the state of the automotive industry.
Their blunt finding, published today, is that the Government isn’t doing enough.
Carmakers can thrive in Britain - but they need to get through the recession first, according to the Business and Enterprise Committee.
And that is far from guaranteed, because Ministers have been dragging their heels over providing the support they need, while fellow EU nations including France and Germany press ahead.
The firms affected may not be British-owned, but they are operating here and not only create jobs but invest in research and development.
As the committee says, the Government has taken some steps to try to support the automotive sector.
These include the Automotive Assistance Programme, which promised loans and loan guarantees to major manufacturers.
But the cash has not been forthcoming. Jaguar Land Rover, for example, is still waiting for money it was promised in April, despite repeated assurances from Ministers that the Government recognises the essential role it plays in the UK economy.
There have been other steps too, such as the introduction of a scrappage scheme and financial support for smaller businesses.
These have helped, and they were welcomed by the Committee.
But they are also far from sufficient to ensure a bright future for the automotive sector. As the MPs say, what carmakers really need is access to credit, which has dried up as a result of a banking crisis which is still far from over.
This is something they are still waiting for, while governments in other parts of Europe have been much faster to act.
The committee also warns that there seems to be a lack of understanding across government of the importance of supporting the car industry, and the urgency with which action is required.
While some politicians and civil servants appear committed to backing the automotive sector, they appear to be working in isolation rather than leading the government machine.
These detailed and thoroughly-researched findings must be a wake-up call to ministers.
Fine words and good intentions, however sincere they are, are no substitute for action. It is no exaggeration to say that hundreds of thousands of jobs are at stake, as well as a significant part of the skills base and the UK’s research base.
Other nations have understood the importance of supporting the motor industry. Britain must do the same.