UK automotive manufacturers have set their sights on breaking all-time manufacturing records by the end of 2015.
The confidence is fuelled by multi-billion pound investments committed to the country over the past 18 months that will see production expanded, new models introduced and thousands more people employed.
According to figures announced ahead of this week’s SMMT (Society of Motor Manufacturers and Traders) International Automotive Summit, the UK could surpass the 1972 record of 1.92 million cars produced, with over two million units rolling off domestic manufacturing lines in 2015.
This landmark relies on eurozone stability and ongoing government support and collaboration.
Achieving annual car manufacturing volumes in excess of two million units would equate to an increase in manufacturing output of more than 50 per cent over 2011’s level of 1.3 million units.
“The UK automotive industry is leading economic recovery with increased manufacturing output, growing export volumes and new jobs being created on the back of major international investment in the sector.
“Our engineering expertise, workforce flexibility and renowned motoring heritage, combined with top level collaboration between industry and government, makes the UK an important location for the global automotive industry,” said Paul Everitt, SMMT’s Chief Executive, adding that Eurozone stability would be essential to success.