ðə tʃˈɛɹmən ɐnˈaʊnst ðæt ɪn vjˈuː ʌvðə pɹəlˌɪfɚɹˈeɪʃən ʌv nˈuː mˈɑːdəlz ænd ðɛɹ ʃˈɔːɹɾɚ lˈaɪf ˌoʊvɚ wˌɪtʃ tə ɹᵻkˈʌvɚ ðɛɹ dɪzˈaɪn dɪvˈɛləpmənt ænd pɹədˈʌkʃən kˈɔsts təɡˌɛðɚ wɪððə pətˈɛnʃəl sˈeɪvɪŋ ɪn tɹˈænspoːɹt kˈɔsts ɪt hɐdbɪn dᵻsˈaɪdᵻd tə ɡɹˈædʒuːəli ɹᵻmˈuːv ðə mˌænjuːfˈæktʃɚɹ ʌv ˈɛndʒɪnz fɹʌm kˈɑːvɛntɹi tə ɡˈɪldfɚd.
The chairman announced that in view of the proliferation of new models and their shorter life over which to recover their design development and production costs together with the potential saving in transport costs it had been decided to gradually remove the manufacture of engines from Coventry to Guildford.