British automotive manufacturers are calling for urgent action on spiralling costs as new analysis from the Society of Motor Manufacturers and Traders reveals firms face a £90 million uplift in energy bills this year – equivalent to more than 2,500 automotive jobs – as costs surge by 50%. UK electricity prices are the most expensive of any European automotive manufacturing country and 59% higher … [Read more...]
Battery maker calls for greater UK manufacturing
British car production dipped 2.1% in January according to figures released by the Society of Motor Manufacturers and Traders yesterday. Reduced demand from car manufacturing plants and additional shutdowns related to the coronavirus pandemic have caused the fifth successive month of decline. A global snowball effect is expected to continue as the industry anticipates the upcoming budget. This … [Read more...]