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Midlands auto industry welcomes £100m investment

Cars manufacturers

A £100m shot-in-the-arm for the West Midlands auto industry has been welcomed by manufacturers and business leaders. In his Budget speech last week, George Osborne said he was intent on backing the manufacturing powerhouse of the Midlands with a major investment to further the development of driverless car technology. 'We're going to back our brilliant automotive industry by investing £100m to stay ahead in the race to driverless technology,' he said. Coventry-based RDM Group is leading the way in driverless technology, and its CEO David Keene welcomed the announcement of further funding. The Society of Motor Manufacturers and Traders said the investment underlined the government's recognition of the importance of a successful automotive industry for a strong economy.

 

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