”UK car production has performed exceedingly well so far this year,” commented SMMT chief executive Christopher Macgowan. 'Despite global economic uncertainties and stagnant demand across the EU, British-based manufacturers have seen output volumes rise over six of the past eight months. Exports accounted for a record share of October's output and are expected to remain the key focus driving UK production over the next few years. We are confident that full-year levels will reach our 1.65 million unit forecast.”
October UK car production 'best since 1999'
25/11/2003 in Latest News
Production figures released today by the Office for National Statistics show
that UK car production in October climbed 2.5% to 153,361 units. Exports accounted for a record 74.2% of monthly output, and year-to-date volumes rose 0.6%, on track to meet the SMMT's 1.65 million forecast.
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