FinanceET Techabout 2 hours ago
Automakers Chase Defence Contracts as Car Sales Slow
5 min read
Ford, General Motors and Jaguar Land Rover are bidding for military vehicle contracts, including a £900 million UK Ministry of Defence tender for 3,000 vehicles, using modified pickups and off-roaders. Analysts say the work will barely move revenue as Chinese rivals squeeze margins, though selling idle plants to defence manufacturers offers clearer gains.
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