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A tough period for auto output – but foundations set for recovery
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A tough period for auto output – but foundations set for recovery
The global automotive sector has faced many periods of challenge over the years, but the current set of circumstances are perhaps the most acute in living memory. Economic uncertainty, low demand, structural changes and trade protectionism have all contributed to a first half decline of -11.9% in British car and commercial vehicle production. It represents the sector’s toughest first half to a year in the past seven decades (excluding Covid shut…
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