Britain Orders Industry Report
The Financial Times reports that the UK is following former colony Australia's lead in ordering a government investigation into its flagging auto manufacturing industry. Minister for Business and Enterprise Affairs Baroness Shriti Vadera has put former Ford man Richard Parry-Jones in charge of the 10-member committee charged with tackling the twin challenges of competition from low-cost manufacturing centers and emerging low-carbon technologies. The committee will make recommendations to the government, which has vowed to use "all levers of government, both regulatory and fiscal" to address Britain's moribund auto industry. Once home of a thriving auto industry, with dozens of brands and world-class products, Britain has seen nearly every one of its domestic brands swallowed up by companies from countries like Germany, the United States, India, China and Indonesia. Although nobody expects Britain's car industry to return to its 1960's zenith, here's hoping the Parry-Jones committee comes up with solutions which are a little more inventive than simply writing checks to Toyota.
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