UK car production plummets 18 percent in January
According to the Society of Automobile Manufacturers and Traders (SMMT), production fell to 120,649 vehicles last month, a 21.4 percent decline.
“ The industry faces a multitude of challenges, from falling demand in key markets to escalating tensions in global trade and the need to stay at the forefront of the technology of the future ,” said Mike Hose, CEO of SMMT. p>
“ But the clear and present danger remains the threat of“ inaction ”on Brexit, which monopolizes time and resources, undermining competitiveness ,” said Hos.
Britain's once-booming auto industry is now experiencing declines in sales, investment and production, with Honda hitting the biggest blow earlier this month by announcing the closure of its UK plant, which produces more than 10 percent of the nation's total cars. of 1.5 million.