Industry officials confident in recovery from January downturn.
U.K. new-car production fell 0.3% year-on-year in January to 128,620 units, but the industry expects growth over the full year as newly introduced models move to full-scale production. The Society of Motor Manufacturers and Traders says the January result was tempered by signs of a European market recovery, boding well for overseas trade. Production for the home market fell 6.2% to 25,239 units, while export deliveries rose 1.2% to 103,381. “U.K. car manufacturing made a solid start to ...
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