The engineering teams for most of the UK-based OEMs are still very busy, they still have to design new cars after all - it's the manufacturing side that's been hardest hit as production volumes are ramped down.
In your choice of uni modules (if you get any) I'd strongly advise going for anything along the lines of alternative fuels, hybrid powertrain, fuel cell or anything else even remotely economy related.
Most of the projects we're getting at the moment are either targetting significant economy and/or CO2 improvements, or in some cases improved safety. Not much along the lines of making stuff go faster that's for sure!