UK car production down 50%

The number of new cars produced in the UK fell by more than a 50%  in March 09 compared to a year earlier.

The 51.3% drop is a slight improvement on the record drop of 59% in February, the Society of Motor Manufacturers and Traders (SMMT) figures show. The SMMT said it would be “some months” before there was any significant increase in output.

Carmakers are struggling with a massive drop in demand during the recession. Many major manufacturers have been forced to suspend or cut production.

Categories: US Markets, World Economy
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