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Car production rises 54% in May
Car production increased by 54% in May, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).
This is the seventh consecutive month that car production has risen and car production is up 62% over the year-to-date.
These figures are encouraging given that the government's car scrappage scheme - which had a positive impact on sales - has now ended.
"The recovery in UK vehicle and engine production continued for the seventh consecutive month, with commercial vehicle output more than doubling against a weak 2009," said Paul Everitt, SMMT chief executive.
"There is concern that fiscal consolidation across Europe may impact demand in the months ahead and it is important that next week's budget helps to sustain consumer and business confidence, as well as encouraging UK investment in new technology and advanced skills."
Post Date: June 17th, 2010
This is the seventh consecutive month that car production has risen and car production is up 62% over the year-to-date.
These figures are encouraging given that the government's car scrappage scheme - which had a positive impact on sales - has now ended.
"The recovery in UK vehicle and engine production continued for the seventh consecutive month, with commercial vehicle output more than doubling against a weak 2009," said Paul Everitt, SMMT chief executive.
"There is concern that fiscal consolidation across Europe may impact demand in the months ahead and it is important that next week's budget helps to sustain consumer and business confidence, as well as encouraging UK investment in new technology and advanced skills."
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Post Date: June 17th, 2010
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