UK automotive manufacturers have set their sights on breaking all-time manufacturing records by the end of 2015, the Society of Motor Manufacturers and Traders said.
SMMT forecasts that car production is set to top 2 million a year in three years’ time.
That’s enough to eclipse the 1.92m record set forty years ago in 1972.
However the landmark relies on Eurozone stability and ongoing government support and collaboration, sats the SMMT.
“The UK has attracted unprecedented levels of new investment and has a tremendous opportunity to see vehicle manufacturing rise to record levels in the years ahead.
To remain globally competitive it is essential that industry and government continue to work in partnership and that key eurozone markets return to sustainable levels of economic growth,” said Paul Everitt, SMMT’s Chief Executive.
Achieving annual car manufacturing volumes in excess of two million units would equate to an increase in manufacturing output of more than 50% over 2011’s level of 1.3 million units. That’s huge!
The automotive industry is a vital part of the UK economy accounting for £49 billion turnover and £10 billion value added. With over 700,000 jobs dependent on the industry, it accounts for more than 10% of total UK exports and invests £1.3 billion each year in automotive R&D.
UK-based volume car manufacturers:
|Honda||Civic, CRV, Jazz||Swindon|
|Jaguar||XF, XJ, XK||Castle Bromwich|
|Land Rover||Defender, Discovery, Freelander, Range Rover, Range Rover Evoque||Solihull / Halewood|
|Nissan||Juke, Note, Qashqai||Sunderland|
|Toyota||Auris, Avensis||Burnaston, Derby|