UK Car Output Hits 76-Year Low ...Middle East

Economy by : (OILPRICE) -
UK car production plunged to its lowest level since 1949 last month, as Aston Martin and other British carmakers halted exports to the United States amid president Donald Trump’s escalating trade war. Data released on Friday by the Society of Motor Manufacturers and Traders (SMMT) found that UK factories turned out just 49,810 cars and vans in the month of May, down 33 per cent on the year and the worst monthly performance in 76 years, outside the COVID-19 shutdowns of 2020. The collapse comes after Trump imposed steep tariffs on foreign-made…

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