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Tag Archives: SMMT
SMMT Lauds Launch of UK Industrial Strategy
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
Posted in aftermarket, auto news, design and styling, economy, electric vehicles, engineering, environment, financial results, global warming, manufacturing, news analysis, transportation
Tagged auto industry commentary, autoinformed.com, automotive blog, automotive industry in the UK, Automotive news and analysis, Ken Zino, Mike Hawes, SMMT, Society of Motor Manufacturers and Traders, X @KenAutoinformed
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UK Car Production Down. Trump’s Tariffs Threaten Future
“A March uplift to manufacturing is overdue good news, although the performance was boosted by a comparatively weaker month last year, when holiday timings and product changeovers combined to reduce output. With the last quarter showing demand for British-built cars rising overseas, navigating the new era of trade uncertainty is now the major challenge. Government has rightly recognized automotive manufacturing’s critical role in Britain’s export economy and must now show urgency and creativity to deliver a deal that supports our competitiveness, spurs domestic demand for the latest cleanest vehicles, and helps factory lines flourish,” said Mike Hawes, SMMT Chief Executive. Continue reading
Posted in auto news, economy, environment, global warming, manufacturing, news analysis, sales
Tagged auto industry commentary, autoinformed.com, automotive blog, Automotive news and analysis, Ken Zino, King Trump decrees, Mike Hawes, SMMT, Society of Motor Manufacturers and Traders, Trump protectionism and retaliatory tariffs, UK exports of goods, X @KenAutoinformed
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Climate Change: UK Automotive CO2 Output Falls in 2021
The report also pulls together data from where its manufacturing members are in meeting the so-called Science Based Targets initiative (SBTi)* Net-Zero Standard, targeting net-zero manufacturing facilities by 2030, and across the company’s entire supply chain by 2039. The question haunting the industry and people inhabiting Planet Earth as the death dealing effects of Global Warming continue unabated is whether this is too little, too late? Continue reading
Posted in environment, fuel economy or emissions, global warming
Tagged auto industry commentary, autoinformed.com, co2, Ken Zino, Mike Hawes, SBTi, SMMT
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UK Plans to Up EV Chargers to 300K by 2030.
“Ambitious and innovative chargepoint operators are already committed to installing an additional 15,000 rapid chargepoints across England’s entire road network, a quadrupling of the current offer, and over 100,000 on-street chargepoints by 2025,” Prime Minister Boris Johnson said. Continue reading
English Covid Crisis Reigns. November Auto Sales Drop 27.4%
During November when showrooms across England had to close due to new lockdown restrictions, the industry recorded 113,781 new registrations, taking trade back to levels last seen during the 2008 Great Recession. Continue reading
Posted in economy, news analysis, sales
Tagged auto industry commentary, autoinformed, autoinformed.com, Ken Zino, SMMT, UK auto sales
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British Car Manufacturing Declines -19.6% In November
While home production fell by -1.9% in the month, exports experienced a steeper -22.8% drop – falling for the fifth month in a row. Just over 105,000 cars were exported to global markets in November, still representing some eight in every 10 cars leaving British factories. Continue reading
October UK Car and Commercial Vehicle Production Drops
Car production in the UK fell in October, down -23.8%, according to the latest figures published today by the Society of Motor Manufacturers and Traders (SMMT). Only 59,010 vehicles shipped, 18,474 fewer than in the same month last year. [read AutoInformed.com about Britain’s largest auto employer here: Jaguar Land Rover Cyber-Attack Effects Ongoing – AutoCrat]
“The news comes two days after the Budget in which the Chancellor announced a number of welcome competitiveness-boosting measures, including a further £1.5 billion in automotive transformation funding, and the deferral of regulation to end critical employee car ownership schemes into the next parliament – a move the industry had warned could lead to annual losses of £1 billion and put up to 5000 jobs at stake. It also comes after government published a consultation on its proposed British Industrial Competitiveness Scheme (BICS) which should bring down sky-high energy costs for manufacturers,” SMMT said. Continue reading →