industry

Eight of the UK’s major car brands united today at the Eiffel Tower in Paris on the eve of the key international motor show to demonstrate the diversity and quality of cars currently produced in the UK. Senior executives from British-based manufacturers, including Aston Martin, BMW MINI, Honda, JaguarLand Rover, McLaren, Nissan, Toyota and Vauxhall, were joined by Mark Garnier MP, the British Parliamentary Under Secretary of State at the Department for International Trade, to promote the strength of the UK automotive sector to a global audience. The UK automotive industry has undergone unprecedented growth in recent years – thanks to competitive business conditions, tariff-free trading and significant investment in new models and facilities. Car manufacturing achieved a 10-year high last year and British-built cars have never been so popular, with a record 1.2 million cars exported to more than 100 countries. Already in the first eight months of 2016, that total looks set to be beaten this year, with exports reaching almost 900,000 vehicles – 13% ahead of the same period in 2015.1

Britain is accelerating away from its European competitors in the car-making sector with investment flowing into the factories of Nissan and Jaguar Land Rover as Chinese and American demand drives sales. Jaguar Land Rover said on Tuesday it was pumping £1.5 billion (1.8 billion euros, $2.4 billion) into its plant in Solihull near Birmingham, creating 1,700 jobs and giving a welcome fillip to industrial central England. The Solihull plant will make new lightweight Jaguar and Land Rover models made of aluminium. In northeast England, Nissan has been granted permission to extend its already vast plant in Sunderland, securing jobs in an area where major employers are in short supply. The investment decision was announced at the Frankfurt Motor Show by JLR chief executive Ralf Speth, who said it was “further evidence of our commitment to advancing the capability of the UK […]