NEWCASTLE, U.K. – Auto makers and vehicle traders are warning of a "growing cash drain" facing their industry if nothing is done to counter the strength of the national currency, the pound. Mike Baunton, president of the Society of Motor Manufacturers and Traders (SMMT), says the strong exchange rate is costing Britain's auto industry lost export opportunity. "We are grateful to the (British) government for giving us consistently low inflation and low interest rates, but something has to ...
Premium Content (PAID Subscription Required)
"U.K. Auto Makers Complain of Cash Drain" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642
Current subscribers, please login or CLICK for support information.