Bulletin

British motor industry roars ahead with 4,500 new jobs

The Society of Motor Manufacturers and Traders has released data showing Britain's motor industry is booming, with £2bn invested in new plants and facilities so far this year, and 4,500 jobs created in the sector. Car manufacturers now account for 11.8% of UK exports, the highest ever level, and around half of all cars built in the country are sent abroad, finding buyers in more than 100 nations worldwide. In the last full year, exports by the sector were valued at £24.6bn and the number of cars sold into Europe - the largest market for Britain's auto-makers - increased by 10%. Productivity levels are also now at their highest ever level thanks to the investment, with one car produced every 20 seconds across all manufacturers with UK operations. The first half of 2015 saw a post-financial crash record 793,642 vehicles coming off the production line, 0.3% on the corresponding period last year. The positive numbers were announced ahead of a trade delegation being sent to the Frankfurt Motor Show, with Business Secretary Sajid Javid in attendance to laud the industry for both its productivity and research and development skills.


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