Engine production splutters during January
UK engine production fell 15.9% in January, compared to the same month last year.
According to figures released by the Society for Motor Manufacturers and Traders, just 141,472 units were produced, with production for domestic and overseas markets declining 29.2% and 6.2% respectively.
Mike Hawes, SMMT chief executive, said: “The impact of global semiconductor shortages continues to stall engine production and, with rising energy costs and inflation, the outlook remains challenging. We need a clear strategy and long-term support to keep the UK internationally competitive, attract investment and ensure this critical sector can transition to an electrified future, futureproofing highly skilled jobs and livelihoods for the decades ahead.”
