Britain car exports in 2012 hit all-time record
Britain car exports in 2012 hit all-time record
Britain auto industry reported record car exports in 2012, with volumes sent overseas exceeding 1.2-M units, up by 8% Y-Y, said the Society of Motor Manufacturers and Traders SMMT here on Thursday.
Total vehicle output increased 8% last year to 1.58-M units, the highest level since Y 2008, while car output rose 9% in Y 2012 to 1.46-M units, ending the year with a 6% rise in December, according to the SMMT.
The country exported 1.27-M vehicles last year, rising 6.8% Y-Y and accounting for 80.9% of the total output. Car exports reached 1.21-M units, taking up 82.7% of the total.
“2012 was a very good year for UK car production with record levels of exports and volumes at their highest since 2008,” said Paul Everitt, SMMT Chief Executive.
British Business Secretary Vince Cable described the car production “a great tribute to our manufacturing strengths, particularly in the face of challenging trading conditions in Europe and strong international competition.”
“The government is creating a highly supportive business environment to ensure that UK manufacturers continue to flourish as well as encouraging further investment in the UK automotive sector, including the supply chain,” said Cable.
Looking forward to Y 2013, SMMT Chief Executive Everitt said it remained positive with demand in many faster growing global markets offsetting the continued weakness in European economies.
“The GBP 6-B of investment committed to Britain’s facilities, new model programs and R&D signals a bright future and many new opportunities for companies in the supply chain,” Mr. Everitt said.
“These remain extremely challenging times and it is essential industry and government continue to work together to secure long-term industrial growth,” he said
Related Articles
South Korea’s trade surplus in IT sector near record high in 2012
January 10th, 2013
Thailand’s auto exports in December 2010 rise 32.51%
January 20th, 2011
More News
HeffCap Global Offshore Dividend Focused CFD Fund, great protection in the current economic environment
Managing investments in equities requires time, knowledge, experience and constant monitoring of stock markets. Those who need an expert to help manage their investments, portfolio management services (PMS) comes as an answer.
The business of portfolio management has never been an easy one. Juggling the limited choices at hand with the twin requirements of adequate safety and sizable returns is a task fraught with complexities.
Given the unpredictable nature of the share market, it requires solid experience and strong research to make the right decision. In the end it boils down to making the right move in the right direction at the right time. That's where the expert comes in.
HCM has decades of experience in providing portfolio Management services, where we help you understand the way into the market
When you invest your hard earned money, it is imperative to know all about your investments. We help you to take those steps forward towards Informed Investments - a consultative and transparent method of investing. With our portfolio management services you are always consulted and informed of all investment decisions, thus giving you total control of your portfolio.
Linda Johnson,
Business Development Director – Private Client Group,
Heffernan Capital Management
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com
Singapore
3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699
Paul A. Ebeling, Jnr.
Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.
Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
1 of 6
China Economy in for a Shock
Thursday’s PMI revived investor worries about whether China can sustain an economic revival this year, after annual growth slumped to a 13-year trough in 2012. China’s factory output and investment performance for April released earlier …
Commentary
Investor Services
Portfolio Management Services
Protect against inflation and currency shifts.
What is Portfolio Management?
Managing investments in equities requires time,
…
UAE Economy Seeing a Spring Boom
HBC
Driven by stable high Crude Oil prices, tourism, diversification and a liberal trade policy, the United Arab Emirates (UAE) witnesses an unprecedented …
Knightsbridge Law the JOBS Act IPO Funding Specialists
Does your business qualify, can you be raising funds under the JOBS Act, find out now
One of the most …
The Hot List
Roulette, The Devil’s Game
All of the numbers on a Roulette Wheel add up to 666, hence, that is why roulette is referred to as “The Devil’s Game.”
Roulette …
shoutbox
Guest: bztg, come on shane, lite this puppy up. been waiting too long lets go!!!
Tue, 04/30/13 | 0 Comment
1034 
104 
Guest: gsat get it now. if u snooze u lose
Fri, 04/19/13 | 0 Comment
1413
147
