UK auto manufacturing regains strength
The UK automotive industry got back on track in October with overall vehicle manufacturing up 6.4% and a 1.2% increase in engine output, according to the latest data from the Society of Motor Manufacturers and Traders (SMMT).
Paul Everitt, SMMT Chief Executive, said, "Sustained, high-value investment in R&D, facilities and new products is paving the way to a prosperous future for UK automotive, but there remain significant challenges as European market demand remains weak. It is essential government continues to focus on boosting economic growth and enhancing UK competitiveness."
UK car manufacturing rose 6.5% in October and was up 9.7% over the year-to-date while commercial vehicle output rose 5.0% in October, but remained down 6.1% over the first 10 months of 2012. UK engine production, while up over the month, was down 0.2% over the year-to-date.
