U.K. Engine Plant Outlays Paying Off
After five months, engine production was up 7.7% to 1,118,190 units. Engine output for the home front was up 34% to 486,408 units, while the export build was down 6.4% to 631,782 units.
£1 billion ($1.33 billion) in investments is beginning to pay off with U.K. engine production rising 14.6% in May to 218,674 units.
The Society of Motor Manufacturers and Traders says domestic engine demand grew 41.4% to 98,076 units, while production of export engines eased 0.7% to 631,782 units.
SMMT CEO Mike Hawes says investments made on new U.K. engine facilities last year is delivering results.
“As May’s figures show, exports still make up the lion’s share of manufacturing volumes, so it is important we maintain favorable trade conditions for future investment and growth,” Hawes says in a statement.
Investments include:
Ford’s £181 million ($235 million) at its Bridgend plant in South Wales to manufacture a family of all-new, fuel-efficient gasoline engines, starting in late 2018.
Jaguar Land Rover’s £450 million ($585 million) expansion to double the size of its West Midlands manufacturing center to produce the new low-emissions Ingenium 2.0L diesel 4-cyl. Total investment in the site, which opened two years ago, now stands at £1 billion ($1.3 billion).
BMW’s £750 million ($976 million) spent across BMW’s U.K. manufacturing sites, ensuring Hams Hall northwest of London continues producing engines for BMW and Mini vehicles.
After five months, engine production was up 7.7% to 1,118,190 units. Engine output for the home front was up 34% to 486,408 units, while the export build was down 6.4% to 631,782 units.
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