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Indeed, the automotive build industry is all we have, and even that is gradually moving across to central Europe. The only British industry is a niche market as mentioned by Ross and Mat and is purely a design exercise for the dedicated followers and wealthy amongest us. What we do have are the automotive designers and concept designers, but all work for the 'other' producers.
We have the talent, but we do not have the budget to produce anymore, massive increases in overheads have put paid to production for the masses. That is why MGR collapsed as we cannot compete with £40 a month wages of some countries. Even the airbag and seat restraining divisions all moved to Poland, Romania etc as it was cheaper to produce and keep the overheads down. The 'on the road' price has dropped so much there has to be some give somewhere to compete, and that is the wages to produce them.
All companies that have a production structure are run by bean counters, they are not looking for long term investments. The board is run by Venture Capitalists, their fundemental aim is high profit margins for minimal initial costs, therefore hefty profit which can then be ploughed into other businesses. Very few VPs invest in current companies, it's all about big profits in short time, then strip the assets and move on the next easy kill.
Too many snouts in very few troughs! Only the strong and rich survive.
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