British automobile result reaches 17-year high on export growth

The number of cars produced in the United Kingdom reached a 17-year high last year, as stated by the business ‘s trade body.

About 1.7 million cars rolled off production lines in 2016, an increase of 8.5% to the year before.

But SMMT head Paul Hawes repeated fears that investing would endure without an appropriate post-Brexit European trade deal.

But the SMMT’s assertion sounded a note of caution after revealing that investment from the business fell to 1.66bn past year, in contrast to about 2.5bn in recent years.

‘Red line’

“We need trade bargains however they have to function as the right offers, maybe not rushed deals. Failure to achieve this can harm UK automotive making beyond fixing.”

Mr Hawes said: “Considerable investment in new plants and products on the past few years has pushed this growth, not a post-Brexit rebound.

But Business Admin Greg Clark insisted the automobile industry might prosper, saying: “Our modern professional strategy is likely to reach great http://www.aol.com/ britain perhaps one of the most competitive places on the planet to grow a business and these figures show why The United Kingdom ‘s car sector has such an essential role to perform as we build on our strengths and expand superiority into the long run.”

The imposition of tariffs would be “a red line for the industry,” he explained. “There would be a direct effect ondemand and jobs – that is a cliff edge we wish to prevent.”

US growth

UK auto exports to European countries increased by 7.5% to 758,680 this past year, sales for half of most exports, the SMMT stated.

There is likewise a large rise in car exports to the United States, where desire soared by nearly half, accounting for for about 14% of all British auto exports.

Increases were also found in Bulgaria, Japan and Canada, with a small 3% growth in Cina, the SMMT noted.

The Britain h AS 15 automobile plants, immediately employing 169,000 workers and 814,000 over the sector.

The top 10 English best-sellers worldwide past year were the Nissan Qashqai, Toyota Auris, Small, Vauxhall Astra, Range Rover Activity and Evoque, Land-Rover Discovery Activity, Kia Civic, Jaguar F-Pace and Jaguar XE.

Jaguar Land Rover increased production by 1-1% this past year to 544,000, Nissan’s rose by 6.5% to 507,000, the Mini by 4.9% to 210,000, and Kia by 1-2% to 134,000.

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