27 Jul Automotive keeps economy motoring
The UK manufacturing industry has coped better than most during the current economic crisis and within manufacturing itself the automotive sector is providing a number of welcome good news stories. We’ve had recent announcements of new investments at Nissan and Jaguar Land Rover, plus we’ve a hugely successful F1 industry.
Now the Society of Motor Manufacturers and Traders (SMMT) has released figures revealing that car manufacturing rose 0.3% in March, and was up 12.3% over the first quarter.
http://www.smmt.co.uk/2012/04/smmt-uk-automotive-manufacturing-march-2012/
While cautious about economic conditions in mainland Europe, Paul Everitt, SMMT Chief Executive, commented that, “The prospects for the UK motor industry are extremely good with new investment, commitment and jobs being created by global automotive companies.’’ This is good news for UK manufacturing companies with the facility to produce automotive parts such as Dawson Shanahan, which provides cold-formed valve sleeves for car and truck engines.
Spurred by encouraging reports from the sector, such as the recent doubling of graduate jobs at Jaguar Land Rover, careers websites are steering graduates in engineering towards the automotive sector. And with Bentley Motors announcing that its global sales are up by 37% the long term view is that UK automotive manufacturing is on the rise.