INTERVIEW-Ricardo set to lift cap-ex, R&D expenditure

Newswire

By Malcolm Locke LONDON, Sept 24 (Reuters) - Engineering and automotive consultancy group Ricardo Plc is planning to lift its capital expenditure and research and development spending over the next two years in an effort to win more business from the major auto-manufacturers. The company, which works closely with leading motor manufacturers including General Motors Corp , Ford Motor Co , BMW , Toyota and Honda , said the increasing emphasis on reducing CO2 emissions and producing more ...

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