Thursday, September 30, 2021

UK car output falls 27pc in August amid chip shortage

According to a trade industry body, British car production dropped by 27 per cent year-on-year in August as a lack of semiconductor chips continues to hurt the sector worldwide. — Reuters pic
According to a trade industry body, British car production dropped by 27 per cent year-on-year in August as a lack of semiconductor chips continues to hurt the sector worldwide. — Reuters pic

Follow us on Instagram and subscribe to our Telegram channel for the latest updates.


LONDON, Sept 30 ― British car production dropped by 27 per cent year-on-year in August as a lack of semiconductor chips continues to hurt the sector worldwide, a trade industry body said today.

The timing and duration of summer shutdowns at certain plants also pushed down output, which stood at 37,246 cars, according to the Society of Motor Manufacturers and Traders (SMMT).

There were big drops in the number of vehicles exported to Australia, the United States and China, whilst sales to the EU were only down 4.9 per cent, and vehicles destined for domestic buyers rose 3.3 per cent, figures showed.

“Carmakers and their suppliers are battling to keep production lines rolling with constraints expected to continue well into 2022 and possibly beyond,” said SMMT Chief Executive Mike Hawes. ― Reuters




Source: Malay Mail

A word from our sponsor:

Need Help With Your Personal Finance / Money Issue or need a coach to help you structure or just want to learn the financial skill to self manage your financial matters and retirement. iLearnFromCloud.com

Need to solve a problem quickly, now you can solve it by learning the art of problem solving Art Of Problem Solving

Feeling hungry. Latest food news from Best Restaurant To Eat Malaysian Food and Travel Blog

Memory loss. Need to organize better. Solve problem fast with Free Mind Mapping Software Mind Mapping 101

Need A Customized System Development for your business or Going Paperless XPERT TECHNOLOGIES - Empowering The Paperless Economy

No comments:

Post a Comment