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.”
Ends
For further information please contact:
Arti Mohan, Corporate Communications
Tel: 020 7694 8735
Mobile: 07768 858 085
Email: arti.mohan@kpmg.co.uk
KPMG Press Office: 020 7694 8773
About KPMG
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with nearly 11,000 partners and staff. The UK firm recorded a turnover of £1.6 billion in the year ended September 2010. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 150 countries and have more than 138,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.
