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Ford Motor Company Ltd

Volume 886: debated on Wednesday 12 February 1975

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asked the Secretary of State for Industry if he will publish in the Official Report details of the number of meetings he has had with the management of Ford Motor Co. relating to its investment policies in Great Britain and Europe generally.

The Ford Motor Company has maintained a high level of investment in the United Kingdom for many years. Over the past 10 years its investment has averaged some £40 million annually, which is more than double its profits after tax, and I understand that its planned investment in 1975 will be about £50 million. The company's investment plans were among items discussed between Ford's senior management and officials of my Department on 11th September 1974. I have had no direct contact with Ford's management recently on this subject.