Up to £3m is to be spent trying to attract investment into the UK automotive industry, the Government will announce today. An Automotive Investment Organisation is to be set up, led by the former Ford chairman Joe Greenwell.
Vince Cable, the Business Secretary, said: "On average, only a third of the parts that go into cars manufactured here are sourced from the UK. We know that global manufacturers in the UK want to buy more from the UK."
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