Gloom For Car Industry As Production Plummets

[rebbonk]

The damage wreaked by the recession on Britain's car industry was made clear as figures showed production in 2009 fell almost a third on the previous year.

Car production was down 30.9% compared to the previous year to 999,460 vehicles, the Society of Motor Manufacturers and Traders (SMMT) announced.

Commercial vehicle (CV) production also took a battering, with just 90,679 produced - a 55.3% drop on 2008.

more http://www.ananova.com/business/story/sm_3649853.html

[dutchman]

It's not just the recession. Latest figures from the USA suggest that car ownership has already reached saturation point and there will be a natural decline in the number of new vehicles sold there in future. It may take a little longer here but Britain is bound to follow suit eventually.

Successive goverment's piecemeal attempts to bail out the industry have probably done more damage than good, especially where jobs in Coventry are concerned.