U.K. Car Manufacturing in September Hurt by Global Chip Shortage
By Ian Walker
U.K. car manufacturing fell 42% in September, its worst drop for
the month since 1982, an industry body said Thursday, adding that
global chip shortages continue to hurt production and have added
more than 2.4 billion pounds ($3.30 billion) to costs.
The Society of Motor Manufacturers and Traders said a total of
67,169 cars drove off the production lines in September, compared
with 114,732 in September 2020. Production for the first nine
months of 2021 was 3.8% higher at 656,776.
Of those cars manufactured last month, 14,297 were for the home
market compared with 27,199 for the same month a year earlier, the
industry group said.
"The substantial decline in U.K. car output in September
continues the worrying trend we have seen over the past three
months. The industry is continuing to battle the effects of the
pandemic with the shortage of semiconductors stalling production,"
SMMT Chief Executive Mike Hawes said.
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(END) Dow Jones Newswires
October 28, 2021 01:55 ET (05:55 GMT)
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