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In May this year, production of cars in the UK increased by 1.3% in annual terms to 137 thousand 225 units due to domestic demand, the Society of Motor Manufacturers and Traders said. The production for domestic buyers increased by 12.8%. At the same time, the export issue decreased by 1.5%. For foreign markets, 107 thousand 307 cars were produced, which accounted for 78.2% of the total production of cars in the country. Executive Director at SMMT, Mike Hawes, noted that to continue the growth of production, it is necessary to create conditions that will allow car factories to attract future investments.
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
The reimplementation of virus-related lockdowns in some states dragged the U.S. economic outlook in the past month, according to economists in a Reuters poll who also warned that the monitored rebound in employment may reverse by the end of ...
Japan's industrial output is expected to recover in June from a double-digit decline in May amid hopes that factory activity may have reached its lowest due to the coronavirus pandemic, according to a Reuters’ poll of 13 economists. While ...
The Bank of Thailand chief on Monday said that it could take several years for the country’s foreign tourism industry to recover as the economy continues to take a beating from the COVID-19 pandemic. The central bank expects foreign ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
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