By Marcus Leach
New figures released by Society of Motor Manufacturers and Traders (SMMT) show that car production in the UK is up 15.1 per cent in comparison to the say time last year.
The figures also showed that production was up 12 per cent over the year-to-date, and engine production has increased by over 10 per cent in February.
“UK vehicle and engine production continue to lead a manufacturing recovery,” said Paul Everitt, SMMT Chief Executive.
“A 27 per cent increase in export demand highlights the strength and competitiveness of UK products. Next week’s Budget will be crucial in creating the conditions for further investment in skills, R&D and capital equipment, all essential for growth and maintaining global competitiveness.”