Thursday, 28 February 2019

UK car production falls for eighth month in row as China exports dive

Automotive industry is also being hit by EU diesel vehicle rules and Brexit uncertainty

British car production declined for the eighth month in a row in January as output bound for China plunged by more than 70%.

The car industry is struggling with multiple headwinds, including falling demand in China, a regulatory backlash against diesel vehicles in Europe and continued uncertainty over Brexit, which has put the brakes on investment in the UK.

Continue reading...

from World news | The Guardian https://ift.tt/2NvtjJ2

No comments:

Post a Comment

‘Finally got him to go’: how Epstein was given inside track on events that rippled through global markets

Apparent leak by Peter Mandelson gave advance notice of Gordon Brown’s resignation and €500bn eurozone deal On a brisk Monday evening in Ma...