UK factories set record for car exports in 2012

UK factories set record for car exports in 2012

PanARMENIAN.Net - An auto industry group says British factories set a record for car exports in 2012 with 1.2 million shipped abroad.

According to The Associated Press, the Society of Motor Manufacturers and Traders said Thursday that exports rose by nearly 8 percent while production for the home market was up 15 percent.

The Society said total production including commercial vehicles was 1.6 million, the highest since 2008.

The group's chief executive, Paul Everitt, said the outlook for 2013 is positive with faster-growing global markets making up for weakness in Europe.

 Top stories
The revised figures are based on the forecast for the Russian economy to contract by 1.0% in 2014, followed by stagnation in 2015.
“The key powers in the region are unlikely to favor an outbreak of conflict on their southern and eastern flanks,” the report says.
The Commission aims to compensate producers who decide to not harvest some of their goods or give products away for free.
The Energy Minister thanked “our friendly country, Armenia” and his Armenian counterpart “for providing a huge assistance”.
Partner news