British car industry braces for 2025 dip
Britain’s new vehicle production is expected to decline by 15 per cent in 2025, weighed down by global trade disruption; however, a reversal is expected the next year, industry data showed on Thursday.
While global automakers continue to feel the impact of US President Donald Trump’s tariffs, the UK is set to benefit from a new trade deal that slashed taxes on British car exports.
UK new vehicle production is expected to reach 755,000 units this year, data from the Society of Motor Manufacturers and Traders showed...