More than £1 billion ($1.5 billion) in new investment is to be allocated over the next 10 years to secure the growth and development of the U.K. vehicle and component manufacturing sector. A new joint industry-government automotive strategy involving the investment is intended to support multi-billion-dollar spending announced in the last few years by auto makers to boost production levels and develop new technologies and models. The U.K. auto industry now generates £59 ...

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