According to the UK-based Society for Motor Manufacturers and Traders (SMMT), car manufacturers will produce around 1.8 million autos in the country by 2017, which is a lower count than initially forecasted.
The drop in the expected production rate compared to the previous forecast is due to the lower outlook for the European-wide expansion of auto sales, with a SMMT spokesperson commenting the association had originally forecasted last month the vehicle output would rise to .95 million cars in 2017, but now chief executive officer Mike Hawes announced the data points out to “something in the order of 1.8 million.” “We had an expectation that Europe would grow much more rapidly out of recession than it has done,” said the official. Hawes added in front of media representatives the UK auto industry would still surpass the previous all time record of 1.92 million cars set in 1972, most likely by 2020 – which is probably several years than first anticipated.
Japanese automakers Toyota, Nissan and Honda all have assembly facilities in the country, as well as BMW Group’s Mini and Rolls-Royce brands, which have British lineage. Volkswagen Ag’s Bentley and Tata Motor’s Jaguar Land Rover are other former British marquees with factory facilities in the United Kingdom. The country is also headed towards a clouded outlook for the automotive industry as British Prime Minister David Cameron has pledged a referendum by 2017 on the issue of the country’s desire to remain part of the European Union political and trading block.
Via Automotive News Europe