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'You cannot build this car anywhere else in the world'

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⚡ Instant Key Takeaways (TL;DR)
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Core Development: 'You cannot build this car anywhere else in the world'
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Market & Financial Impact: Car maker Longbow, which hopes to build thousands of cars, says the region has the talent and know-how.
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Actionable Insight: Monitor price volume action at market open; check key technical support/resistance levels.

Longbow's co-founders and CEOs Daniel Davey (left) and Mark Tapscott show Business Secretary Jonathan Reynolds (left in car) and mayor Richard Parker the Speedster

A British carmaker has unveiled plans to start production of its hand-built electric sports car in Warwickshire.

Longbow is to start production of its limited-edition Speedster at Mira Tech Park in Nuneaton next year.

West Midlands mayor Richard Parker, who backed Longbow with £3m from a government fund, said the project will be followed by the firm's Roadster model, creating more than 200 skilled jobs.

Daniel Davey, Longbow's co-chief executive officer, said the region was the best place to build the cars. "It's not just the supply chain; you've got the talent here and the know-how," he said.

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Official Publisher Attribution: This report is aggregated from Bloomberg. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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