Car, engine, van, lorry and bus making is soaring in Britain. The falling value of the pound has helped exports because our vehicles have become cheaper to buy abroad and if manufacturers buy more component parts here they will cut import costs, exchange rate charges and make more money. UK car manufacturing output reached its highest level since 1999 in November, with almost 170,000 … [Read more...]
Cars dip but CVs rise in UK factories
UK car manufacturing dipped to -1.0% in October, ending a 14-month run of growth for the industry, said the Society of Motor Manufacturers and Traders. It reported 151,795 vehicles were built in October, with production for export growing taking an 80.9% share of volumes. Exports of 122,765 cars was an uplift of 1.7% on the same month last year, and offsetting a -10.9% decline in … [Read more...]