Mandelson: Europe car industry needs restructuring

Newswire

LONDON, Nov 24 (Reuters) - Tackling the problem of overcapacity is key to the long-term future success of the automobile industry in Britain and Europe, Business Secretary Peter Mandelson said on Tuesday. Speaking at a major car industry summit he also said the need to switch to low-carbon technologies would present British firms with a good oportunity to access supply chains dominated for decades by big combustion engine producers. "The industry suffers from long-term structural ...

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