Arab Today, arab today car production rises 11 in august
Last Updated : GMT 09:42:33
Arab Today, arab today
Arab Today, arab today

Car production rises 11% in August

Arab Today, arab today

Arab Today, arab today Car production rises 11% in August

London - Arabstoday

Car manufacturing rose 10.7% in August compared with the same month last year, according to the Society of Motor Manufacturers and Traders (SMMT). The industry body said that meant that production for the year so far was 4.4% higher than in 2010. Engine production was the best-performing sector, up by 14.4% in August and 4.8% higher over the first eight months of the year. The SMMT said that the recovery was expected to continue into next year. John Leech, partner in the consultancy KPMG\'s automotive practice, said: \"These are particularly strong figures and underline the continued resilience of the UK automotive industry.\" Commercial vehicle production rose less strongly, by 9.3% in August, and remained 4% down on the January August period. The SMMT\'s chief executive, Paul Everitt, said new investment was fuelling the rise: \"A manufacturing-led recovery is taking shape, with August\'s automotive output up more than 10% and a recent wave of private investment securing long-term growth for the UK sector.\" He said the industry was on target to beat 2010 production volumes, with more growth to come in 2012. The news follows other recent signs of recovery in the motor trade. Continue reading the main story Analysis image of Jorn Madslien Jorn Madslien Business reporter, BBC News The sharp rise in car production in the UK may come as a surprise to many given all the talk of global economic turmoil. Indeed, there are widespread concerns in the industry that demand for cars may start falling in the UK and Europe. The explanation why production is rising in the UK can thus be found outside Europe\'s borders, where demand for cars remains strong. This is especially true in Asia, in spite of a recent slowdown in the rate of sales growth in China. Hence it is primarily global, rather than local, demand that is keeping carmakers in the UK busy. The engine-building sector is set to expand further, with news earlier this week that Jaguar Land Rover will invest £355m to build low-emission engines in Wolverhampton. Another industry boost will come from CPP Global Holdings, which said it would build a new version of the 1960s Jensen Interceptor sports car at Jaguar\'s former Browns Lane site in Coventry. Earlier this month, the SMMT reported that new car sales in the UK had risen for the first time in more than a year in August, although it said consumers remained nervous about the economic outlook. But the global picture remains bright. \"Optimism is not dead,\" said KPMG\'s Mr Leech. \"Large global manufacturers are setting their sights on top-line growth over the next two years, primarily focusing on new products, strategic acquisitions and alliances, innovation and increasing production capacity in high-growth markets.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today car production rises 11 in august Arab Today, arab today car production rises 11 in august

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today car production rises 11 in august Arab Today, arab today car production rises 11 in august

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Iraq's Barzani isolated by his drive

GMT 04:36 2017 Tuesday ,24 October

Iraq's Barzani isolated by his drive
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today EU targets German carmakers

GMT 05:41 2017 Tuesday ,24 October

EU targets German carmakers
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today Sherine Reda frustrated of latest terrorist attacks

GMT 09:03 2017 Monday ,23 October

Sherine Reda frustrated of latest terrorist attacks
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:12 2017 Saturday ,21 October

Donia Abdel Aziz aspires to return to cinema

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 08:06 2017 Tuesday ,24 October

Second Palestinian mobile provider enters Gaza

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday