Bulletin

A car is produced every 20 seconds in Britain

Jaguar Land Rover has helped drive UK carmakers to their best December output in a decade, with the industry producing 109,000 vehicles. It capped the strongest year for car manufacturers since 2007, with over 1.5m cars rolling off production lines in 2014, equivalent to a car every 20 seconds. The figure is 1.2% up on the previous year despite continuing weakness in some export markets. Further rises are forecast over the next 12 months. Mike Hawes, chief executive of industry trade body the SMMT, said: 'Placed in context, a 1.2% growth in UK car manufacturing in 2014 represents a very successful year. The industry has overcome various challenges, including slower than expected EU recovery and weakness in some global markets.'

 

Note: News bulletin content has been provided by a third-party and is not the opinion of Santander.

Other Articles

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Spain

Santander takes 12 UK food and drink manufacturers to Spain on one of our successful trade missions. Adam Payne in the international team…

This International Women’s Day, our analysis reveals a continuing untapped potential and huge opportunity when it comes to women in…

London

London-based ACT Clean has secured private investor backing for a £10.2 million management buyout.

Bulletin
Getting a taste for Spain!

Santander takes 12 UK food and drink manufacturers to Spain on one of our Trade Missions. Alicia Ferrero Vega in the International team…

Bulletin

Where Next?