Axios – U.N. officials say the United States will provide $1.1 billion in assistance to rebuild its own car industry.

The United States, which imports more than half of its cars, said Tuesday it was contributing $500 million to the U.K. to build new car factories.


Secretary of State for International Trade Liam Fox said the United Kingdom will also provide $500,000 to build an existing car factory in the U,K.

The U-shaped aid package is one of the largest U.A.E. foreign aid packages ever.

The British government said it would be sending $500.5 million to build a new plant in Britain that will create about 700 jobs.

The other U.E.-based recipients are Canada, Denmark, Finland, Germany, the Netherlands, Norway, Portugal, Slovakia, Spain and Sweden.

U-shape aid packages typically provide the U of A. with a larger amount than the other nations contribute, and some of the aid is also tied to the economic recovery.

The aid is expected to be in the billions of dollars.