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UK Car Production Up 22% - Just British
British car production is still revving ahead of the rest of the economy after official figures showed an increase in output for the 13th month in a row. Almost 120,000 cars were built in the UK in July, which is up 22% on the same period last year, according to the Society for Motor Manufacturers and Traders (SMMT). The figures came in the same week that one of the industry’s great export successes, Jaguar Land Rover, moved to a 24-hour operation in order to keep up with soaring demand from Asia. The latest SMMT total means that year-to-date production is running at 875,998, an increase of 15%. Paul Everitt, SMMT chief executive, said investment commitments from producers with a major UK presence, from JLR to BMW and Toyota, had underpinned the growth. “While uncertainty in Europe remains a challenge, the [...]