Home
News
In Focus
Business
Metro
Nation
World
Sports
Feature
Opinion
View more »Opinion Columns
Wan LixinOpinion deputy editor of Shanghai Daily
Restaurants get off to a quick start thanks to game-changing policies
High service charges on event ticket refunds call for further regulation
Sunday
- Subscribe
Related News
UK car production still on the slide
Source: Agencies |
June 20, 2009, Saturday
|
Print Edition
Print Edition
MONTHLY car production in the United Kingdom fell by nearly 1 percent in May, with the industry yet to benefit from government-backed incentive programs, the Society of Motor Manufacturers and Traders said yesterday.
Production in May was 67,754 units, down from 68,258 in April. Some 80 percent were exported.
May production was 43 percent below May 2008.
"Prompt action by manufacturers to realign supply with demand has been painful, but was necessary," said Paul Everitt, the society's chief executive.
"The scrappage schemes in place across Europe are now beginning to have a positive impact, although the full benefits will take a little longer to flow down to companies at all levels." Britain started its scheme in May. The government and manufacturers are splitting the cost of 2,000 pound (US$3,268) discounts to buyers who trade in a car at least 10 years old.
Commercial vehicle production remained depressed. May's output of 4,692 vehicles was 73.5 percent lower compared to a year ago.
Production in May was 67,754 units, down from 68,258 in April. Some 80 percent were exported.
May production was 43 percent below May 2008.
"Prompt action by manufacturers to realign supply with demand has been painful, but was necessary," said Paul Everitt, the society's chief executive.
"The scrappage schemes in place across Europe are now beginning to have a positive impact, although the full benefits will take a little longer to flow down to companies at all levels." Britain started its scheme in May. The government and manufacturers are splitting the cost of 2,000 pound (US$3,268) discounts to buyers who trade in a car at least 10 years old.
Commercial vehicle production remained depressed. May's output of 4,692 vehicles was 73.5 percent lower compared to a year ago.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
