3/27, 4:43 AM (Source: TeleTrader)
more TeleTrader news

UK's car industry sees output dipping nearly 20%

United Kingdom's vehicle output is expected to drop nearly 20 percentage points by year-end if the COVID-19 pandemic persists, UK's Society of Motor Manufacturers and Traders (SMMT) predicts.

In the year 2020, the number of cars manufactured in the country may drop by approximately 200,000, marking a decrease of 18% compared to last year's figure.

According to the nation's car industry, the coronavirus shut down, which ordered factory closures, could bring the country's car production lower than it was in over a decade.

Breaking the News / NL