Automotive News – Late October 2024
Estimated reading time 3 minutes
Automotive still Britain’s number one exporter of goods despite year of renewal.
• September car output falls -20.6% to 70,039 units as factories prepare for all-new electric models.
• Manufacturing for domestic and overseas markets down -20.8% and -20.6% respectively, with EU taking lion’s share of exports. • New analysis shows Auto remains UK’s largest exporter of manufactured products, with shipments of cars, vans and components worth almost £47bn
CV production bounces back in September.
- Commercial vehicle manufacturing output increases 25.9% in September to 14,643 units.
- Production for export up by more than a third in the month while volumes for domestic buyers rise 10.1%.
- Year to date production grows by 8.5% to 93,447 units in best first nine months since 2008.
Automotive still Britain’s number one exporter of goods despite year of renewal
- September car output falls -20.6% to 70,039 units as factories prepare for all-new electric models.
- Manufacturing for domestic and overseas markets down -20.8% and -20.6% respectively, with EU taking lion’s share of exports.
- New analysis shows Auto remains UK’s largest exporter of manufactured products, with shipments of cars, vans and components worth almost £47bn.
The orders are rolling in for an electric lorry company in Rotherham on the back of it launching its second-generation vehicle.
Magtec’s upgraded MEV75 model is a 7.5 tonne electric truck which is designed for operations including last-mile logistics, waste collection and refrigerated deliveries and is ideal for low emission zones. The standard 80kWh version has a range of up to 100km, a charge time of up to four hours and a life cycle of up to 10 years.
It has supplied the new MEV75 to customers across the UK, including local authorities such as Nottingham City Council, which is using its vehicle for waste management deliveries and collections.
More than two thirds of UK automotive component makers (68%) see the transition to net zero as a short-term threat, but almost all (93%) recognise that meeting the challenge of decarbonisation will be vital for their long-term business prospects.
The findings come from a BDO poll of C-suite executives at 100 UK automotive component manufacturing companies with turnovers of more than £10m.
Faced with the dual challenge of supporting the global transition to low-carbon modes of transport while also having to meet their own net zero targets, component manufacturers do appear to be taking their responsibilities seriously.
