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Govt investment to boost motor supply chains

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Govt investment to boost motor supply chains

Monday, 20/9/2010 03:40
A £24 million investment by the government is to go towards developing the UK's low-carbon vehicle industry and enabling continuous improvement in the motor supply chain.

The Technology Strategy programme is to focus on developing the supply chain while allowing British car firms including Jaguar Land Rover to improve their electric and hybrid vehicle capabilities.

Speaking at the Low Carbon Vehicles show in Bedfordshire last week, transport secretary Philip Hammond said the projects showcase cutting-edge technology which has the potential to "transform the way we travel" and stimulate the market.

Business minister Mark Prisk added: "Collaboration between UK-based vehicle manufacturers, supply chain companies and academia will help Britain become one of the leading centres for the design, development and manufacture of ultra-low carbon vehicles."

It comes after tyre manufacturer Michelin scooped the 2010 Corporate Achievement Award from the Automotive Industry Action Group for potentially saving the global auto industry billions of pounds by eliminating waste and implementing streamlining processes.

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