subject: Uk Automotive Industry Targets Record Growth [print this page] The UKs car industry has proposed an impressive target which strives to break the all-time record for manufacturing by 2015.
Furthermore, the statistics which were taken from the Society of Motor Manufacturers and Traders (SMMT) suggests that the UK could overhaul the 1972 record of 1.92 million cars manufactured, with over 2 million cars being rolled out from the production lines in 2015.
In order to meet the demands set by the target the number of cars produced would have to increase by more than 50% on 2011.
These targets havent just been plucked out of thin air. The increases seen in the number of multi-billion pound investments in recent months has increased confidence in the industry thus suggesting that production will be expanded, new models will be produced and thousands of jobs will be created.
Furthermore, BMW revealed that it had manufactured its three-millionth engine at its Birmingham plant.
As well as that announcement, General Motors has just signed a new deal to
invest 125 million into its Vauxhall plant in Ellesmere Port, thus providing up to 3,000 new jobs.
All over the industry there have been big investment packages announced by major carmakers which have come to include Toyota, Nissan and Ford.
Presently, the UK automotive industry provides jobs to over 700,000 people and produces over 50 billion worth of revenue per year.
An increasing number of specialist manufacturing tools which come to include precision machining are used to help produce the cars. Moreover, the UK produces over 1.5 million vehicles and more than 2.5 million engines per year, the majority of these cars and engines are exported to other countries.
Paul Everitt, SMMTs chief executive, stated the UK car sector is helping to lead the economic recovery with greater manufacturing output, increased numbers of exports and new jobs being made available all coming as a result of major investment in the industry.
"Our engineering expertise, workforce flexibility and renowned motoring heritage, combined with top level collaboration between industry and government, makes the UK an important location for the global automotive industry," he revealed.
The UK car industry has also been boosted by BMWs announcement that it would be constructing the turbo engine for its brand new plug-in sports car at Hams Hall.
The brand new engine will be produced from 2013, before the launch of its i8 model later that year.
by: Brendan Wilde
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