New research from Business Birmingham has shown that there is an overwhelming willingness among automotive companies to bring production back to the UK.
However, many automotive companies are failing to reshore production because of engagement issues within the domestic supply chain. For more information click here.
BMW has continued its strong performance well into the third quarter, posting growth in its sales volume, revenues and group earnings figures. The performance underlines the group’s achievements for the year-to-date. For more information click here.
Automotive component firms stand to benefit from a £2bn bonanza as UK carmakers enjoy an unprecedented period of success, industry body the Automotive Council has said. For more information click here.
The percentage of UK manufactured components going into British-made cars must increase, industry analysts have said. The amount of British-made components going into UK produced vehicles is only around 35%, much lower than in the rest of Europe. For more information click here.
Vehicle manufacturer BMW experienced another strong month in October with demand for its products staying high across all its major markets. Global sales for the month were a record for October with a total of 184,297 BMW, Mini and Rolls-Royce sold. For more information click here.
New car registrations in the UK jumped 14.2% in October to 179,714 units, marking the 32nd consecutive month of growth.The performance means 2,137,910 cars have been registered in the year-to-date – the first time the market has passed two million in October since 2007. For more information click here.
The UK car industry for so long the engine of the growth in the manufacturing sector appears to have succumbed to continuing global economic uncertainty. For more information click here.
The trickle-down effect of Jaguar Land Rover’s continuing success is rippling through the West Midlands property, local property agents Bigwood have said. For more information click here
Mercedes has given further details about the change in approach to its car branding with the launch of its most luxurious ever production car.For so long merely designated by a letter or number, the German company is looking to broaden its appeal across all global markets. For more information click here
The revenue generated by engine manufacturing in the UK is expected to increase by up to £2.5bn in two years, boosted by new developments like the opening of Jaguar Land Rover’s new £500m engine plant. For more information click here