Cash boost sparks new record aim
MOTOR firms are aiming to break manufacturing records in the next few years following recent multi- billion pound investments at factories across the country.
Car production will be expanded, new models introduced and thousands of jobs created as a result of the investment unveiled in the past 18 months.
Figures released ahead of an international automotive summit yesterday run by the Society of Motor Manufacturers and Traders (SMMT) showed the UK could surpass the 1972 record of 1.92 million cars produced, with more than two million units rolling off domestic manufacturing lines in 2015. Achieving annual car manufacturing volumes in excess of two million units would mean an increase in manufacturing output of more than 50 per cent over 2011's level of 1.3 million units.
Paul Everitt, SMMT's chief executive, said: "The UK industry is leading economic recovery with increased manufacturing output, growing export volumes and new jobs being created on the back of major international investment. Our engineering expertise, workforce flexibility and renowned motoring heritage, combined with top level collaboration between industry and Government, makes the UK an important location for the global automotive industry.
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The SMMT said its summit in London this week was the UK's most high-profile meeting of motor industry leaders.
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