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Car production boosts industry
Over a million cars have rolled out of British factories this year, according to figures released yesterday – and most of the vehicles are being exported. Production of new cars grew six per cent in October, while production is up 30.4 per cent so far this year. Earlier this week the European Automobile Manufacturers’ Association reported a 16.6 per cent fall in new EU registrations. Yesterday’s figures from the Society of Motor.
Manufacturers and Traders (SMMT) showed exports up 6.4 per cent, accounting for over four out of five cars produced in the UK. Commercial vehicle production was up 47.1 per cent.