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UK auto production hits a 76-year low, down 32.8% due to tariffs and Brexit uncertainties.
The UK's auto industry is facing its worst downturn in decades, with May vehicle production down 32.8% year-on-year, marking the lowest since 1949.
This fifth consecutive monthly decline is blamed on U.S. import tariffs and Brexit uncertainties, causing severe export shocks, especially in the U.S. and EU markets.
Despite a new UK-US trade deal lowering tariffs, experts doubt it will be sufficient to restore the industry's competitiveness and attract foreign investment, citing high energy costs as a significant barrier.
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La producción de automóviles del Reino Unido alcanza un mínimo de 76 años, un 32,8% menos debido a los aranceles y las incertidumbres del Brexit.