SMMT reports rise in car production
Car production soared by 64.8 per cent in January, according to the latest figures by the Society of Motor Manufacturers and Traders (SMMT).
The rise is the biggest since May 1976 and comes on the back of low 2009 volumes and improved sales following the introduction of the global scrappage scheme.
UK engine production was up 26.3 per cent during in January, while commercial vehicle production was up 9.6 per cent - the second consecutive monthly rise.
Paul Everitt, chief executive of the SMMT, said: ’Vehicle and engine production rose for a third successive month in January, demonstrating the continued success of global scrappage incentive schemes.
‘Despite the close of the UK scheme next month, SMMT expects a modest recovery in 2010 output as economic growth, a competitive exchange rate and the introduction of innovative new models to UK plants help to lift manufacturing levels above those seen in 2009.’
For the rest of the year modest growth is expected, compared to the 25-year low in 2009.
Register now to continue reading
Thanks for visiting The Engineer. You’ve now reached your monthly limit of news stories. Register for free to unlock unlimited access to all of our news coverage, as well as premium content including opinion, in-depth features and special reports.
Benefits of registering
-
In-depth insights and coverage of key emerging trends
-
Unrestricted access to special reports throughout the year
-
Daily technology news delivered straight to your inbox
Experts speculate over cause of Iberian power outages
The EU and UK will be moving towards using Grid Forming inverters with Energy Storage that has an inherent ability to act as a source of Infinite...