Investment in the car industry will crash by half from last year's total of £1.66bn



Investment in the car industry is on course to crash by half this year with major manufacturers drastically cutting back amid Brexit uncertainty.
Vauxhall has already put the brakes on decisions relating to UK investment and there are growing fears that Ford may be preparing to follow suit.
Last year saw £1.66 billion invested in the industry, but figures from the Society of Motor Manufacturers and Traders (SMMT), seen by The Mail on Sunday, show just £647.4 million of investment has been tracked by the body so far this year. A significant shortfall is now expected on last year’s total.... read more

 
22 October 2017 in Business, Views: 59
Source: Daily Mail
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