The Great Britain was once a proud nation of automakers – they had numerous companies that lifted the auto industry to new standards. Now, though, there’s no British carmaker left.
True, names such as Jaguar or Mini still exit and thrive – but they’re not native to the UK anymore. So, after two decades of auto industry without a national carmaker, how are the British standing? Very well, actually. Back in 1994, France, thanks to the success of local carmakers – mainly PSA Peugeot Citroen and Renault – was producing three million vehicles annually – more than double what UK could build.
In 2014, 20 years later, the situation has been dramatically reverted – following the 2008-2009 collapse of the European industry the United Kingdom has recovered and in 2013 it built 1.51 million autos. It also surpassed for the first time in many years what France produced (1.46 million units).
Aside from considering into the mix the production of light vans, Great Britain has already become the third largest European car producer, following Germany and Spain. The UK auto industry has also seen its car exports double in just 10 years, with the producers enjoying their best-ever July in terms of automobile exports.
France meanwhile has been on critical support from the government, as both PSA Peugeot Citroen and Renault lost domestic market share. The vast discrepancy is a testament to their opposing economy views. UK’s government and management strategy permitted the underperforming car companies to be bought by outside investors, while France nationalists still hold the reigns – even PSA’s Chinese deal is also backed/controlled by the French government’s implication.
Via Automotive News Europe