Elon's Vision
  • Contacts
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Elon's Vision
No Result
View All Result
Home Investing

November car production hits lowest level since 1984

by
December 23, 2021
in Investing
0
November car production hits lowest level since 1984
0
SHARES
29
VIEWS
Share on FacebookShare on Twitter

UK car production in November hit its lowest level since 1984 as Covid continued to affect supply chains, a motoring industry group has said.

Output fell by 28.7% to 75,756 units, marking the fifth consecutive month of decline, the Society of Motor Manufacturers and Traders (SMMT) said.

It called the figures “incredibly worrying”, blaming a continuing shortage of semiconductors.

The start of full Brexit customs controls could also hit firms, it said.

The UK has been short of semiconductors – which are commonly used components in cars – for the past year.

Under Covid restrictions, Asian factories have struggled to keep up with demand as economies have reopened.

SMMT boss Mike Hawes said the problem was “likely to affect the sector throughout next year”, and called for more government support.

‘Keep trade flowing smoothly’

He added the industry was as prepared as it could be for the start of full EU customs checks from 1 January, but warned any delays arising “from ill-prepared freight or systems will place further stress on businesses”.

“Should any problems arise, contingency measures must be implemented immediately to keep cross border trade flowing smoothly,” he said.

In September the UK delayed implementing post-Brexit checks on food and farming imports to England, Scotland and Wales until 1 January 2022.

Checks on goods going the other way were also postponed until the same date.

One highlight of the November figures was that electric cars continued to grow their share of overall production.

Electric, plug-in hybrid and hybrid cars accounted for 32.7% of all cars made last month, the SMMT said.

Battery electric vehicle output, in particular, grew by 52.9% to 10,359 units, hitting a new high of 13.7% of all production – more than double the level a year ago.

Read more:
November car production hits lowest level since 1984

Previous Post

UK gyms hit out after being excluded from £1bn Omicron support

Next Post

Parcel delivery scam texts to spike this Christmas

Next Post
Parcel delivery scam texts to spike this Christmas

Parcel delivery scam texts to spike this Christmas

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
  • Trending
  • Comments
  • Latest

Jay Bhattacharya on Public Health

October 12, 2021

That Bangladesh Mask Study!

December 1, 2021

Antitrust Regulation Assumes Bureaucrats Know the “Correct” Amount of Competition

November 24, 2021
Pints of champagne could be the next ‘Brexit dividend’

Pints of champagne could be the next ‘Brexit dividend’

December 24, 2021

P.T. Bauer’s Reminders on Foreign Aid

0

0

0

0

P.T. Bauer’s Reminders on Foreign Aid

May 9, 2025
Luna Introduces PATRIOT Act Repeal Bill

Luna Introduces PATRIOT Act Repeal Bill

May 9, 2025
In Congress, a Move To Strip Courts of Contempt Powers

In Congress, a Move To Strip Courts of Contempt Powers

May 9, 2025

The Environmental Impact of Infrared Saunas

May 9, 2025

Recent News

P.T. Bauer’s Reminders on Foreign Aid

May 9, 2025
Luna Introduces PATRIOT Act Repeal Bill

Luna Introduces PATRIOT Act Repeal Bill

May 9, 2025
In Congress, a Move To Strip Courts of Contempt Powers

In Congress, a Move To Strip Courts of Contempt Powers

May 9, 2025

The Environmental Impact of Infrared Saunas

May 9, 2025

Disclaimer: ElonsVision.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • Contacts
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 ElonsVision. All Rights Reserved.

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 ElonsVision. All Rights Reserved.