UK car manufacturing strong again in February - SMMT
• Car manufacturing rose 23.5% in February, up 19.6% over the year-to-date.
• CV output fell slightly by 2.7% in February, down 2.0% over the first two months of the year.
• UK engine production increased by 3.6% in February and 4.3% over the year-to-date.
“Car manufacturing rose 23.5% in February maintaining the trend of strong export-led growth and confirming the importance of manufacturing to a rebalanced and prosperous economy,” said Paul Everitt, SMMT Chief Executive.
CBI responds to Jaguar Land Rover announcement of 1,000 new jobs.
The CBI has responded to the announcement by Jaguar Land Rover that 1000 new jobs will be created at its factory in Halewood, Merseyside.
Dr Neil Bentley, CBI Deputy Director-General, said: “The news that Jaguar Land Rover will be creating a further 1000 jobs at its Halewood plant is a shot in the arm for UK manufacturing and the automotive industry in particular.
This is further evidence of re-balancing across the economy, with the latest UK trade figures showing record levels of exports going to countries outside the EU, such as the US and China.
Uncertain economy continues to disrupt Europe’s new car market
According to the latest analysis from JATO Dynamics, the world’s leading provider of automotive intelligence, the European new car market continues to suffer, as economic uncertainty kept customers out of showrooms in February.
* Europe’s new car sales decline by 9.5% in February, and 8.1% Year-to-Date compared to last year
* France and Italy continue to hold the European total down
* Volkswagen’s Golf and Polo maintain their positions as Europe’s top performing models
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