interestrateripoff Posted May 22, 2009 Share Posted May 22, 2009 http://news.bbc.co.uk/1/hi/business/8063055.stm UK car production fell 55.3% in April, according to the latest figures from the Society of Motor Manufacturers and Traders (SMMT).A total of 68,258 cars were made in April, with the total for the year to date about 251,268 cars. In April, 56,267 cars were exported, a drop of 53.4%. Overall vehicle production - including commercial vehicles - fell 56.5% to 75, 913 in April. Carmakers are cutting production as the recession takes hold. Commercial vehicle production fell by 65.2% to 7,655 in April, with the year-to-date production down 63.6% at 29,950 vehicles. The car sector has been one of the hardest hit by the global slowdown, as consumers cut back on big-ticket purchases, forcing global car companies to cut production and staffing levels. Under a new government scheme, cars that are more than 10 years old can be scrapped in return for a £2,000 discount on a new model. "With the scrappage incentive scheme fully operational, industry is optimistic about the positive impact this will have on the market and on UK production facilities," said Paul Everitt, SMMT chief executive. While scrappage schemes in the UK and Europe may help, the SMMT warned that "recovery may be protracted". "Despite the current difficulties, the UK must prepare for the return of global growth and government support for the industry is an essential part of the process." More green shoots of economic recovery. And here we all are contemplating economic collapse.... Quote Link to comment Share on other sites More sharing options...
moonriver Posted May 22, 2009 Share Posted May 22, 2009 More green shoots of economic recovery.And here we all are contemplating economic collapse.... oh yes, how silly of us. And don't forget we now have that new wonderful £2k car scheme that the government has introduced, so all will end up good on the car front, won't it? Quote Link to comment Share on other sites More sharing options...
R K Posted May 22, 2009 Share Posted May 22, 2009 Tractor production down in Gordon's Gulag. Meanwhile, news of fresh fighting on the Eastern front with Eurasia.......... Quote Link to comment Share on other sites More sharing options...
Concrete Jungle Posted May 22, 2009 Share Posted May 22, 2009 In April, 56,267 cars were exported, a drop of 53.4%. But, but, but a weak pound will aid exports, creating green shoots and leading to a recovereh! Won't it? Quote Link to comment Share on other sites More sharing options...
DrGUID Posted May 22, 2009 Share Posted May 22, 2009 And surely the ones they have built are rusting in the fields of unsold cars? My software business sales are down 60% on last month - I want to know when will *my* customers get a scrap software allowance handout paid for with *my* tax income ? Quote Link to comment Share on other sites More sharing options...
council dweller Posted May 22, 2009 Share Posted May 22, 2009 oh yes, how silly of us.And don't forget we now have that new wonderful £2k car scheme that the government has introduced, so all will end up good on the car front, won't it? The only thing I've read so far is that people seem to be buying cars such as the Kia Picanto, Hyundai i20, Renault clio using the scrappage scheme. I guess most of the UK produced cars are a bit too expensive. Quote Link to comment Share on other sites More sharing options...
grumpy-old-man-returns Posted May 22, 2009 Share Posted May 22, 2009 But, but, but a weak pound will aid exports, creating green shoots and leading to a recovereh! Won't it? I know, just how many times have we said this wouldn't make a difference. weak sterling will show just what the UK really exports. If we exported greed we would be world leaders. Quote Link to comment Share on other sites More sharing options...
mbga9pgf Posted May 22, 2009 Share Posted May 22, 2009 That will be the car scrappage scheme kicking in.... Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted May 22, 2009 Share Posted May 22, 2009 Green shites? Quote Link to comment Share on other sites More sharing options...
moonriver Posted May 22, 2009 Share Posted May 22, 2009 Green shites? correct.. Quote Link to comment Share on other sites More sharing options...
Live Peasant Posted May 22, 2009 Share Posted May 22, 2009 More green shoots of economic recovery.And here we all are contemplating economic collapse.... Unfortunately, that's not a green shoot you're seeing, it's gangrene. Quote Link to comment Share on other sites More sharing options...
Dubbya Posted May 22, 2009 Share Posted May 22, 2009 "With the scrappage incentive scheme fully operational, industry is optimistic about the positive impact this will have on the market and on UK production facilities," said Paul Everitt, SMMT chief executive. For gritting his teeth and identifying these "Brown shoots", Paul Everitt gets my Balls of Steel award for this week Quote Link to comment Share on other sites More sharing options...
R K Posted May 22, 2009 Share Posted May 22, 2009 Tata (Jaguar/Land Rover owner) and Mandelslime's buddy, due to be rescued from default on Monday according to the FT.......can't have those Indian billionaire entreprenewers being exposed to market forces, that would never do in Gordon's Gulag http://ftalphaville.ft.com/blog/2009/05/22...-debt-reprieve/ Quote Link to comment Share on other sites More sharing options...
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