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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.”