Tag Archives: automotive industry in the UK

The UK automotive industry today has vowed to build on the foundations laid by government’s Industrial Strategy published yesterday with a 10-point plan to drive the UK back into the top 15 of global vehicle manufacturing locations by 2030 and deliver a £50 billion economic boost over the next decade. {See footnote 1] This is from the home of the Brexit disaster of  British political thinking.

Mike Hawes, Chief Executive of the Society of Motor Manufacturers and Traders (SMMT) speaking at the industry’s annual Summit in London today said “Government’s long-term Industrial Strategy, including the Drive35 £2.5 billion auto capital and R&D fund, recognizes automotive as a pillar of advanced manufacturing, integral to the world leading innovation that creates the high value jobs, wealth and economic growth that are vital to our country’s future. Now we must make the most of that position and put in place the right conditions for growth.” Continue reading →