Automotive News – Late June 2025
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The UK automotive industry has pledged to build on the foundations laid by government’s landmark Industrial Strategy – published yesterday – with a 10-point plan to propel the UK back into the top 15 of global vehicle manufacturing locations by 2030 and deliver a £50 billion economic boost over the next decade.
Speaking at the industry’s annual Summit in London today, Mike Hawes, Chief Executive of the Society of Motor Manufacturers and Traders (SMMT), welcomed the news saying, “Government’s long-term Industrial Strategy, including the Drive35 £2.5 billion auto capital and R&D fund, recognises automotive as a pillar of advanced manufacturing, integral to the world leading innovation that creates the high value jobs, wealth and economic growth that are vital to our country’s future. Now we must make the most of that position and put in place the right conditions for growth.”
https://www.themanufacturer.com/articles/industrial-strategy-can-be-springboard-for-uk-auto-success/
