UK automotive manufacturing sector enjoying boom
As identified in recent reports, a strong first half of 2014 for car manufacturing, with volumes up 3.5% to 791,314 units as entered the UK automotive manufacturing sector into a golden era.
In response to the promise findings, John Leech, UK head of automotive at KPMG, said:
This has been a credible first half of the year for UK car production. A lot of important new models were launched such as the Nissan Qashqai, BMW Mini and Range Rover Sport and I expect a strengthening trend into the second half of 2014.? With the Jaguar XE and the new Vauxhall Astra due to be launched early next year, we are on the threshold of a golden era of British car manufacturing.
We have firmed up our forecast for UK vehicle production and are now confident of seeing the 2 million vehicle barrier broken in 2017. This is exerting a powerful pull for supply chain companies as they re-evaluate the UK as a manufacturing location within their European production footprints.
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