Automotive industry R&D and the unseen billions
Look through the annual accounts of any automotive company, be it carmaker or supplier, and one of the interesting figures to look out for is the research and development spend as a percentage of turnover. Although it varies from company to company, the percentage is generally within a few points of each other, and it adds up to billions of dollars a year. This feature, written by Chris Wright, is extracted from the bi-monthly Lotus Engineering newsletter, proActive.
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