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UK: car production to accelerate in 2014

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UK: car production to accelerate in 2014

Although car manufacturing in British factories was essentially flat for the first month of the year, but automakers have only been preparing for the increases in output production that are scheduled for the rest of the year.

According to a statement from the auto industry body – the Society of Motor Manufacturers and Traders (SMMT) – car production in the past four years has been increased by 50% and in January manufacturers built 128,520 cars.

“UK car manufacturing made a solid start to 2014,” said Mike Hawes, SMMT chief executive. “We expect domestic car output to accelerate throughout 2014 as new model introductions reach full volume.”

Automakers like Jaguar Land Rover, Mini and Nissan have been among the leading manufacturers in UK, with the vast majority of the cars built there exported to the EU and emerging markets like India, Russia and China.

“Looking further ahead, we anticipate further growth as investments by some of the world’s biggest automotive brands become reality, creating more jobs and huge opportunities for UK-based suppliers,” Hawes added.

According to analysts, after in 2013 the British auto industry built more than 1.5 million cars, this year the island country is poised to get close to the 2 million mark, outgrowing France to become Europe’s third biggest car manufacturing country.

Via Financial Times

by Aurel Niculescu (my Google+) - Thursday, February 20th, 2014 - filed under Industry, News. Image credit: .
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