Refinitiv Newscasts - Reuters Today: UK car production fell to its lowest level in more than six decades.

Qualtrics International

26/01/2023 09:38

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Source: Reuters

Description: The number of new cars made in the UK fell sharply again last
year plummeting to its lowest level since 1956. The industry body - the
Society of Motor Manufacturers and Traders - said the the continuing global
shortage in semiconductor chips hit production lines. But car makers are
concerned the UK has not yet got a strategy to make the country competitive as
a destination for manufacturing investment.
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