SMMT predicts strong growth for manufacturing in 2012
Tuesday 20 December 2011 | By Evolution InternetBack to Newsroom
The prospects for the UK automotive industry in 2012 remain strong, according to the Society of Motor Manufacturers and Traders (SMMT).
Experts at the body claimed "unprecedented" levels of investment from overseas and long-term commitments to building new vehicles means the outlook for next year is positive.
SMMT chief executive Paul Everitt spoke of the £4 billion promised to the UK by global vehicle manufacturers, which will help secure production facilities, new model programmes and jobs.
"Despite the uncertainty within the Eurozone, these decisions demonstrate real confidence in the future of UK manufacturing and its role within a rebalanced economy," he added.
At the end of 2011, total vehicle and engine production is expected to finish the year more than five per cent up on 2010, with consistent growth predicted.
Last week, Mr Everitt claimed the production figures for November suggests a further rise in output despite the current challenges in the eurozone.
