Ongoing chip shortage causes sharp 41% drop in cars rolling off the assembly line
Cars rolling off the assembly line in Britain fell sharply last month, pushed down by the ongoing chip shortage and the closure of Honda's plant in Swindon.
Production was down 41% when compared with February 2021, according to the Society of Motor Manufacturers and Traders on Friday, the lowest number for the time of year since February 2009.Last year saw huge drops in production, with output falling to its lowest level since 1956 as a shortage of semiconductor chips piled further pressure on an industry battered by the pandemic.
The impact of the shortages - which is being experienced by manufacturers worldwide - is expected to reduce later this year but continue to have some effect even into 2023."The sector entered 2022 hopeful for recovery, but that recovery has not yet begun, and urgent action is now needed to help mitigate spiralling energy costs and ensure the sector remains globally competitive," SMMT chief executive Mike Hawes said.
Russia's invasion of Ukraine has also created further problems for UK manufacturers, with the conflict sending the cost of raw materials soaring.
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.
UK records 98,204 more Covid cases and 165 deathsThe UK recorded another 98,104 Covid-19 cases and 165 deaths on Thursday.
Read more »
Man, 41, who needed life-saving blood transfusion died due to 'damaged passport'Chaz Carl Powell, 41, was due to fly home from Montego Bay in Jamaica to London Gatwick on March 9, but his passport was rejected by British Airways staff as it did not 'match' his passport picture
Read more »
Rishi gives Spring Statement with UK facing spiralling fuel and energy costsBREAKING: Rishi Sunak gives Spring Statement with UK facing spiralling fuel and energy costs.
Read more »
Cabinet undecided over onshore wind ahead of UK energy planOne minister says onshore wind is ‘not cost effective’ as some prefer a push for fracking
Read more »
War in Ukraine: UK unveils new Russia sanctions as PM aims at gold reservesThe UK reveals more sanctions as Boris Johnson and other Nato leaders meet to discuss the war in Ukraine.
Read more »