Labour urged to make deal with EU to protect £70billion car industry ahead of new Brexit rules
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Labour urged to make deal with EU to protect £70billion car industry ahead of new Brexit rules.
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The UK car industry could "suffer" if it does not secure a fresh agreement with the European Union in the coming months, as vehicle production across the country falls.New data shows that UK vehicle production fell by 8.2 per cent in March compared to last year, with just 72,511 models rolling off factory lines.In total, 69,755 cars (down 0.8 per cent YoY) and 2,756 commercial vehicles (down 68.3 per cent YoY) were produced, according to the Society of Motor Manufacturers and Traders (SMMT).It noted that production was affected by a part supply challenge, which temporarily paused production at one of the country's largest plants.
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TRENDING Stories Videos Your Say Other factors included weak exports to markets in Asia and the United States, model changeovers, and a commercial vehicle company restructuring last year.Exports of vehicles fell by 7.4 per cent year-on-year, while cars and commercial vehicles staying in the UK (21,570) fell by just over 10 per cent.Mike Hawes, chief executive...
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