Despite the May decline, car output remains ahead of pre-recession levels.
U.K. car manufacturing fell 8.4% in May to 129,355 units, as growing demand in the home market was offset by continuing weakness in Continental Europe. The Society of Motor Manufacturers and Traders says despite the decline, production remained ahead of pre-recession levels. Volume was flat during the first five months of the year, slipping 0.6% to 632,804 units. “Despite output falling this month due to weak European demand, U.K. car manufacturing in May was above 2007 ...
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