UK car production slumped to its lowest ever October level since 1956 amid a global shortage of semiconductors, reports Yahoo.
Car production was down 41.4% last month, with factories turning out 64,729 units, latest figures by the Society of Motor Manufacturers and Traders (SMMT) showed. It was the fourth straight month of decline.
“These figures are extremely worrying and show how badly the global semiconductor shortage is hitting UK car manufacturers and their suppliers,” said SMMT CEO Mike Hawes.
“Britain’s automotive sector is resilient, but with COVID resurgent across some of our largest markets and global supply chains stretched and even breaking, the immediate challenges in keeping the industry operational are immense,” he said.
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