The U.K. government creates a £24 million ($40.7 million) fund to help auto-parts makers design, develop and manufacture new tooling. Business Minister Michael Fallon says the Tooling Funding Program will help components manufacturers that otherwise would fail to acquire financing. Fallon says the government automotive industrial strategy aims to secure the long-term future of the sector by growing the U.K. share of the value chain, and by getting ahead of the game in R&D for the ...

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