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UK electric car production drops with firms 'under pressure'
UK car production fell sharply in October amid industry concerns about "intense pressure" on investment in electric vehicle-making. Output of all cars dropped by more than 15% from a year earlier, mainly due to a fall in exports following weak demand, the Society of Motor Manufacturers and Traders (SMMT) said. Production of electric and hybrid vehicles declined by a third compared with last year, due to flagging European demand and the retooling of factories for new models. The figures come after Vauxhall maker Stellantis said this week it would close its Luton van-making factory, partly due to rules imposed to ... (full story)
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- Posted: Nov 29, 2024 7:53am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 92
