HC Deb 01 February 1967 vol 740 c119W
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.]