'Worst October since 1956': Global COVID woes apply brakes to UK car production

'Worst October since 1956': Global COVID woes apply brakes to UK car production

The UK car industry has warned of challenges just to remain operational after it produced just shy of 65,000 cars last month - the weakest October since 1956. The Society of Motor Manufacturers and Traders (SMMT) blamed "production stoppages" linked to the shortage of semiconductors globally for the woeful total, adding that a resurgent coronavirus pandemic could make things worse in the months ahead. The chip shortage is tipped, according to consulting firm AlixPartners, to cost the world's automotive industry $60bn (£45bn) in lost sales this year. The lack of chips - a result of COVID-19 disruption that has left supply lagging high demand - has hampered sectors across the factory economy from gaming console producers to defence. It has also damaged the transition towards the electric car future - …
More on: news.sky.com