The Society of Motor Manufacturers and Traders has urged all parties to put UK Automotive at the heart of their economic and trade policies. Setting out the industry’s priorities for a new government, the trade body called for an ambitious, world-beating Brexit trade deal to maintain the sector’s competitiveness and ability to deliver innovation, … [Read more...]
Car makers rising concerns over Brexit
European Union car-makers have joined forces to warn of billions of euros in losses in the event of a no-deal Brexit. Groups including the European Automobile Manufacturers’ Association, the European Association of Automotive Suppliers and 17 national bodies warned of the impact of “no-deal” and the effect on 13.8 million people in the European Union … [Read more...]
UK car exports drop, home demand rises
Car makers in Britain have recorded a 15% export drop in July, the 14th month of decline, mainly due to weaker EU and Asian markets. The SMMT said the drop in diesel demand across Europe coupled with a slowdown in Chinese orders mainly accounted for the decline of 11% overall after home demand went up 10%. Uk plants assembled 108,239 cars but now there … [Read more...]
UK Automotive is struggling
British car manufacturing output fell by more than a fifth in the first half of 2019, with a 15.2% decline in June marking the 13th consecutive month of negative growth, according to the Society of Motor Manufacturers and Traders. Some 666,521 cars rolled off production lines in the first six months, a year-on-year loss of 168,052 units due largely to … [Read more...]
UK car production plunges
Car production in the UK fell by an annual 14.4% to 126,195 cars in March, according to the Society of Motor Manufacturers and Traders. Exports were down by 13.4 % and these account for 80% of production. The SMMT said analysis it had commissioned predicted output would fall this year to 1.36 million units from 1.52 million in 2018, assuming there’s a … [Read more...]
Brexit boost to UK supply chain, academic claims
Traditional supply chains will be destroyed because of stricter border controls and as a result of a no-deal Brexit, businesses in the UK will be forced to buy more local products, according to an expert from the University of Cologne. Professor Andreas Fügener, expert in Supply Chain Management, warns that consumers are largely unaware of the impact that … [Read more...]
East & West are best together, says expert
European and Chinese car makers need to work more closely together, says Erik Jonnaert, ACEA Secretary General. They account for half of all passenger cars sold and built around the world and the regions are emerging as the major global regulatory powers, setting ambitious standards and targets for tomorrow’s vehicles. Last year, the Chinese car market … [Read more...]
UK car production falls and snow chills output
Car production declined in March, falling 13.3% year on year, according to the Society of Motor Manufacturers and Traders. It reports 147,471 cars were built in British factories as the domestic market continued to slow, with demand falling 17.7%. Exports also went down 11.9% due to fluctuations in demand in some global markets. In addition, some … [Read more...]
Lots to sort in BREXIT talks, says FTA
The announcement of a Brexit transitional period ending in December 2020 will be a welcome relief for manufacturing and retail businesses exporting and importing from the EU, according to the Freight Transport Association. However, FTA has warned that there is still much to agree on the detail of the UK's departure from the European Union, and the EU's … [Read more...]
UK car plants thrive on exports not home sales
Car production went up 3.5% last month in the UK, said the SMMT. The car plants built 157,056 cars in October to meet a 5% rise in exports contrasting with 2.9% fall at home. The European car industry showed its resilience in October 2017, with new registrations totalling 1,202,877, an increase of 5.6% when compared to October 2016. This is the … [Read more...]
