Can The UK Auto Industry Bounce Back? [zero hedge]
NISSAN MOTOR LTD S/ADR (NSANY)
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Source: zero hedge
Can The UK Auto Industry Bounce Back? Tyler Durden Thu, 10/01/2020 - 05:00 Via Ag Metal Miner, We may be coming out of the first pandemic lockdown and business does, broadly, appear to be picking up; however, some sections of manufacturing, including U.K. car manufacturing, are still suffering badly. U.K. car industry, supply chain face challenges An article in the Financial Times starkly outlines the continued pain the U.K. car industry is experiencing and, by extension its extended supply chain. U.K. car manufacturing fell 44% last month compared with a year earlier. Domestic orders and exports remain severely depressed. Last month’s performance marked the sector’s second-worst since car plants restarted after lockdown. The Financial Times went on to advise that just 51,039 cars rolled off British production lines. The total fell from 92,153 in August 2019. Meanwhile, August output for U.K. buyers fell 58% to just 7,795 vehicles. The number of cars made for export fell 41% to 73,443
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