Ford Britain today received a big boost to its low carbon vehicle strategy, as the company announced £1.5bn funding partly backed by government loan guarantees.
Ford has committed £1.5billion in investment over five years for the development of new environmentally-friendly engines and vehicle technologies. The investment is supported by £360m in government loan guarantees as part of the Automotive Assistance Programme, a £2.3bn support programme for the UK automotive sector to modernise and ‘green up’ the industry. The Government has…
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