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UK car production falls to lowest level since 1954

Number made fell to 780,000, the lowest for seven decades barring the pandemic, as carmakers battle weak demand and EV transition British car production fell in 2024 to its lowest level in seven decades – barring the coronavirus pandemic – as the industry struggles with weak demand and prepares to shift away from fossil fuels to electric vehicles. The number of cars made in the UK fell to 780,000 during the year, the lowest since 1954, except for during the pandemic when first factories were forced to close and then supply chain problems caused shortages of computer chips , according to the Society of Motor Manufacturers and Traders (SMMT), a lobby group. Continue reading... from The Guardian https://ift.tt/NTk9mq4 via IFTTT
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How Trump tariffs could upend car markets in Europe, the US and China

Levies threaten exporters to US market, while scrapping of subsidies will hit EV sales – and Tesla could gain

The internal combustion engine appears to hold a special place in Donald Trump’s psyche. During his inauguration speech last week, he made a “sacred pledge” to raise US car production to “a rate that nobody could have dreamt possible just a few years ago”.

Car making and the oil industry – not AI, computer chips, or even cryptocurrencies – were the only two industries the new US president highlighted as he promised to make America a “manufacturing nation once again”.

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