§ 78. Mr. John Lee
asked the Minister of Technology what steps are being taken to prevent the control of the British motor industry from passing into foreign hands.
§ Mr. Benn
The best way to prevent this is to ensure that British-owned motor firms are strong enough to compete effectively with those under foreign control, in both home and overseas markets. As I announced on 17th January, the I.R.C. has agreed to discuss with the firms concerned the possibility of close co-ordination and co-operation between them in their efforts overseas. I am also considering ways of helping them with technological development.—[Vol. 739, c. 34–47.]