Some UK data crossing, from the UK's Society of Motor Manufacturers and Traders (via Reuters)
- The number of cars made in Britain in June slumped by almost 14 percent year on year
- That left first half output down nearly 3 percent at 866,656 units
Not all bad news, though ...
Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders said
- Although that represented the second-highest January-June performance in 12 years and a pick-up was likely later in the year, output in 2017 would probably be closer to 1.8 million units than a previous forecast of 1.9 million
More from Reuters:
- More than half of the cars exported from Britain go to the EU. But last year's decision by voters to leave the bloc has left the industry exposed
- The bloc has tariffs of 10 percent on car imports, posing a risk if Britain leaves in under two years' time with no new trade deal in place
There is plenty more on this at Reuters, I'll get a link up ASAP ... OK, here we go, full article is here: UK car industry says clarity needed now as Brexit weighs
