United Kingdom

Details

  • Service: Insights
  • Industry: Automotive
  • Type: Press release
  • Date: 16/02/2012

Carmakers to lead UK economy back into growth, says KPMG 

 

John Leech, Partner in KPMG’s Automotive practice comments on the SMMT car production figures: 

 

“Coming quickly on the heels of the promising UK new car sales figures last week, UK car production rose 15.6% in January 2012 on the back of strong demand for cars made in the UK and exports to developing economies such as China.  This raises hopes that 2012 could be the year that sees UK car production bouncing back to 2006 levels.  I expect production to strengthen in 2012 to over 1.4 million new cars made in the UK this year. 

 

“All in all we expect a gradually improving story throughout 2012. There are significant investments in new models and production capacity at a number of plants, notably at JLR and BMW.   Despite the continuing threat of Eurozone macroeconomic uncertainty, there’s great potential for the UK auto industry to grow and develop from a manufacturing and supply-chain perspective."

 

ENDS

 

For further information please contact:

 

Julie Marshall, Senior Corporate Communications Manager

Tel: 0121 232 3177

Mobile: 07887 633677

Email: Julie.marshall@kpmg.co.uk

 

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 over 11,000 partners and staff.  The UK firm recorded a turnover of £1.7 billion in the year ended September 2011. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 152 countries and have 145,000 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.