European automotive suppliers are making their supply chains more sustainable, but they face the challenge of financing these efforts from existing operations and industry sentiment is not very optimistic. Policymakers should take the necessary steps to provide support, but industry will also need to work harder to stay ahead. CLEPA’s research on sustainability reports reveals that suppliers … [Read more...]
Motor industry lies at heart of world trade
The Society of Motor Manufacturers and Traders has called on government to put the automotive sector at the heart of future trade negotiations, after a new report confirms vehicles are the UK’s single most valuable goods trade export. Vehicle export revenues reached £27 billion in 2020, making them more valuable to the UK than power-generating machinery and gold, even during a year when … [Read more...]