UK Car Manufacturing Entering Golden Era, Says KPMG

UK Car Manufacturing Entering Golden Era, Says KPMG

John Leech, KPMG’s UK Head of Automotive comments on the increase in UK car production figures, published by the SMMT today, of 3.5% for the first half of 2014. He said:

“This has been a credible first half of the year for UK car production.  A lot of important new models were launched such as the Nissan Qashqai, BMW Mini and Range Rover Sport and I expect a strengthening trend into the second half of 2014.  With the Jaguar XE and the new Vauxhall Astra due to be launched early next year, we are on the threshold of a golden era of British car manufacturing.

“We have firmed up our forecast for UK vehicle production and are now confident of seeing the 2 million vehicle barrier broken in 2017.  This is exerting a powerful pull for supply chain companies as they re-evaluate the UK as a manufacturing location within their European production footprints.”

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