Engines ready for £1bn car industry injection

Posted on 24 Jun 2013 by The Manufacturer

Ministers are set to invest up to £1bn of public money into Britain's rejuvenated car industry, with aims to turn it into Europe's second biggest vehicle maker.

According to The Sunday Times, senior automotive executives have been pushing for a financial commitment from the government to the tune of £1bn, which will be matched by industry. In a deal similar to the one revealed by the aerospace sector, it is understood the scheme will be unveiled alongside the government’s automotive strategy at…

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