In foreign hands, British automakers overtake France

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As the Paris car show gets under way this week, here’s a fascinating piece from Reuters and via Yahoo on the contrasting fortunes of the UK and French car industries since the recession. It is very much a tale of two economic philosophies – the UK relinquished control of its carmakers to foreign firms such as BMW and Tata, and production has subsequently soared, while the French state has repeatedly stepped in to help ailing Renault and Peugeot and still ...