Info comes via Reuters
UK car output fell for the seventh
consecutive month in September
- 20.6% decline y/y
- EV production fell 37% in September
Society of Motor Manufacturers and Traders (SMMT) cite:
- factories wound down
production of current models to retool for new zero-emission
vehicles (ZEV) - drop also
partly due to last year’s strong performance, which was the best
since 2020
- “As UK Automotive undergoes its most radical transformation
in more than a century, short-term production declines were
always anticipated, and they represent a temporary adjustment in
exchange for long-term growth”
This article was written by Eamonn Sheridan at www.forexlive.com.
