The British Society of Motor Manufacturers and Traders announced yesterday that only 1.67 million vehicles were made in the UK in 2017, a drop of 9.8 per cent from the previous year and the first annual reduction since 2009. Export demand, which accounts for nearly 80 per cent of UK car output, fell just 1.1 per cent. Meanwhile in the USA iconic motorbike manufacturer Harley Davidson said it is to close its plant in Kansas City, Missouri. Shipments hit a six-year low as its customer base ages.
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis