Reported about 6 hours ago
In May, UK vehicle production fell for the fifth straight month, with a 32.8% decline to 49,810 units, marking the steepest drop for May since 1949, excluding the pandemic year. This downturn is attributed to disruptions from U.S. tariffs on car imports, alongside a significant drop in exports to key markets like the EU and U.S. While British manufacturing also contracted, there remains some optimism from recent trade agreements with the U.S. and India.
Source: YAHOO