John Leech, partner in KPMG’s automotive practice comments on the Society of Motor Manufacturers and Traders car production figures: “Car production rose 8.5% in November to 136,111 units, and is up 6.1% over the first eleven months of 2011, largely in response to a strong export demand from Asia. As a result, the proportion of cars produced in Britain for the export market is close to an all-time high.
Premium manufacturers are performing well at present, notably JLR and Rolls-Royce both of whom are enjoying record years fuelled by Chinese demand for British exports. In the coming year, net employment in the manufacturing sector in the UK is expected to grow as suppliers increase their capacity – partly in response to JLR’s planned engine facility in Wolverhampton.”
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