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UK car output rises for fifth straight month in June - SMMT data

UK car production rose y/y for the fifth consecutive month in June 2023.The Society of Motor Manufacturers and Traders (SMMT) cited the pandemic-induced chip shortages easing. total of 84,767 output last month, an increase of nearly 16.2% y/ycar production is expected to rise nearly 11% to 860,000 units by the end of the year, the SMMT addedoutput could reach pre-pandemic levels of 1 million by 2028 For the first six months of the year, production of hybrid electric, plug-in hybrid and batte... Read More

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Posted: Jul 26 2023, 23:08

Author Name: forexlive

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