Posted on Mar 28, 2019
British car production slumped by an annual 15.3% last month as demand in important European and Asian markets fell, an industry body said on Thursday as it warned again about the damage a no-deal Brexit would do to the sector, Reuters reports.
Output fell to 123,203 cars in February, the ninth month of declines as exports, which account for 80Ù of total production, slumped 16.4%, according to the Society of Motor Manufacturers and Traders (SMMT).
“The ninth month of decline for UK car production should be a wake-up call for anyone who thinks this industry, already challenged by international trade hostilities, declining markets and technological disruption, could survive a ‘no-deal’ Brexit without serious damage,” SMMT Chief Executive Mike Hawes is reported as saying.
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