UK car output fell for the seventh consecutive month in September ...Middle East

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UK car output fell for the seventh consecutive month in September
Info comes via ReutersUK car output fell for the seventh consecutive month in September20.6% decline y/yEV production fell 37% in September Society of Motor Manufacturers and Traders (SMMT) cite:factories wound down production of current models to retool for new zero-emission vehicles (ZEV)drop also partly due to last year's strong performance, which was the best since 2020"As UK Automotive undergoes its most radical transformation in more than a century, short-term production declines were always anticipated, and they represent a temporary adjustment in exchange for long-term growth" This article was written by Eamonn Sheridan at www.forexlive.com.

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