TheGuardian
Is the growing trend of carmakers chasing defence contracts diversification or distraction?
Executive Summary
Summary: Jaguar Land Rover and General Motors are bidding for a £900m UK Ministry of Defence contract to supply thousands of military 4×4 vehicles, replacing ageing Land Rovers. The manufacturers join Ineos in competing for the contract, with initial deliveries expected in 2030. The move reflects growing European defence spending, with carmakers increasingly seeking military contracts as they navigate electric vehicle transitions and Chinese competition. Defence spending across Europe rose 14% last year to £638bn.
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Is the growing trend of carmakers chasing defence contracts diversification or distraction?
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