Engine production still stuttering
Engine production fell by 29.3% in January, with 168,291 units built.
According to the Society of Motor Manufacturers and Traders, production for domestic and overseas markets falls 27.2% and 30.8% respectively, representing the 13th consecutive month of decline.
Mike Hawes, SMMT chief executive, said: “It has been an extremely challenging start to the year for UK engine manufacturers who have seen their output severely dented by the ongoing pandemic, a subdued market, and border friction following agreement of the UK/EU trade deal. While there is a roadmap out of lockdown, the sector still faces multiple headwinds and so the Chancellor’s Budget is an opportunity to enhance the industry’s competitiveness and ensure that the UK’s skilled engine building workforce is part of the future of the sector as it transforms to electrified powertrains.”
