A quarter of all cars produced in the UK in April were electrified, figures from the SMMT have revealed
on the ongoing global shortage of semiconductors and the impact of the war in Ukraine on supply chains.
There are now calls for new policies to protect and support manufacturing, as well as to encourage investment.said: “The UK car industry is exposed to a host of issues that are undermining output and competitiveness. “Global chip shortages and supply chain disruption are exacerbated by spiralling energy costs, additional trading costs and slowing global markets.
“The foundations of the sector are strong and the transition to zero- and ultra-low-emission vehicles continues apace but we need more policies and measures that support manufacturing and encourage investment into the UK at this most challenging of times.” Yet the SMMT figures did show a 60.1% rise in the production of cars for the UK market, from 7975 to 12,768. The SMMT cited a substantial growth in new models attracting buyers into showrooms. , driven by the closure of Honda’sProduction output for overseas markets fell by 20.8%, from 60,331 to 47,786. This was driven by a 68% decline in shipments to the US and a 10.4% drop in those to Asia. There was a 5% uplift in shipments to the EU.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LA County gas prices drop largest amount since AprilThe average price of a gallon of self-serve regular gasoline in Los Angeles County recorded its largest decrease since April 27 Wednesday, dropping six-tenths of a cent to $6.091.
Read more »
Photos, video released of rodents that infested Jacksonville elementary school, forced cafeteria closure in AprilThe cafeteria at Duval County’s Cedar Hills Elementary School was shut down as maintenance staff and exterminators work to solve a rodent infestation at the campus.
Read more »
Cooler temps, low humidity after biggest rain event since AprilBehind the front it will be cooler, drier and pleasant with skies turning mostly sunny with highs staying in the 70s.
Read more »
New home sales plunge nearly 17% in AprilThe Census Bureau reported that the median sales price of new homes hit $450,600 last month. With interest rates now upward of 5%, the rising cost of homeownership is pricing more would-be buyers out of the market.
Read more »
U.S. core capital goods orders growth slows in April; shipments increaseNew orders for U.S.-made capital goods increased less than expected in April, suggesting businesses could be slowing their pace of spending on equipment as they confront growing headwinds from rising interest rates and tightening financial conditions.
Read more »
'Recession warning': Sales of new homes plunge in AprilSales of new single-family homes plummeted in April as rising mortgage interest rates and skyrocketing house prices took a toll on the market. “[It's] a clear recession warning,” said the chief economist for the National Association of Home Builders.
Read more »