Investment in the UK car industry has fallen 64% compared to 2015

[sasguru]

...according to BBC news just now.
That’s rather a lot.

[shaunbhoy]

...according to BBC news just now.
That’s rather a lot.

[northernladyuk]

...according to BBC news just now.
That’s rather a lot.

Try those figures in USD terms.

[sasguru]

Quite. Car industry turning to tumbleweed.
Your brain cell seems to have sparked today.

[shaunbhoy]

Try those figures in USD terms.

Or even try providing a link Walter...................

[AtW]

Quite. Car industry turning to tumbleweed.
Your brain cell seems to have sparked today.

He is a potato peeler by trade, hardly the sharpest tool in the shed, but a tool nevertheless...

[sasguru]

Or even try providing a link Walter...................

I don’t have a link. It’s possible BBC news at 10 made it up.

[shaunbhoy]

I don’t have a link.

You ARE the missing link.

Fooking dullard.

It is far more possible that YOU made it up, you perennially dreary twunt.

[DimPrawn]

I don’t have a link. It’s possible BBC news at 10 made it up.

Or you dreamt it up you dull chunt.

[sasguru]

They're probably referring to this - although I think they have updated figures:

https://www.ft.com/content/0c3427b2-...4aa8b?mhq5j=e5

Quoted below in case you don't have a sub to the FT:


"Investment in the UK car industry has fallen to just £322m in the first half of 2017, in a sign that companies are delaying or cancelling spending ahead of the UK leaving the EU.

Last year £1.66bn was invested in the auto sector, more than 30 per cent down from £2.5bn in 2015, as carmakers and their suppliers delayed non-essential investment following the EU referendum in June 2016.

But investment looks to have fallen even further in the first six months of this year, according to figures compiled by the Society of Motor Manufacturers and Traders, an industry body.

If the same levels of investment are seen in the second half of the year, it would bring total annual spend on the UK car industry to just £644m — nearly one-quarter of the amount invested two years ago and a sharper fall than many in the industry had expected.

“It’s very difficult to cost investment if you don’t know what your output price is going to be,” said Mike Hawes, chief executive of the SMMT, pointing to Brexit-related uncertainty. “The industry wants a lot more certainty.”

..."