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The automotive sector is worth £10.7 billion to the UK economy Government figures have revealed.
The Department for Business, Innovation and Skills infographic showed 141,000 people directly employed in the UK automotive sector, whilst a new car rolls off a UK production line every 20 seconds.
The UK makes 1.6 million vehicles per year currently, with estimates suggesting this figure could rise to 2 million by 2017. The Society of Motor Manufacturers and Traders (SMMT) recently stated the first nine months of 2014 have been the best for car manufacturing for six years.
A total of 1,132,017 cars were produced in the UK from January to September. The figure represents a 0.6 per cent rise on the same period last year.
The Mayor and Transport for London (TfL) have launched a public consultation on proposals to introduce the world’s first Ultra Low Emission Zone (ULEZ) in the capital on September 7, 2020.
The proposals would require all vehicles travelling within the congestion charge zone to meet new emission standards and would be in operation 24 hours a day, seven days a week.
Many vehicles would already meet these standards in 2020, however by introducing this requirement next year the Mayor and TfL aim to accelerate the take up of low emission vehicles and stimulate the low emission vehicle market.
The ULEZ will also ensure London’s air quality improves more quickly, making the capital a more pleasant place to live and work, and encourage the use of more sustainable forms of transport.
It is projected to halve emissions of nitrogen oxide (NOx) and particulate matter (PM10) from vehicle exhausts.
This means more than 80% of central London is expected to meet the nitrogen dioxide (NO2) annual legal limits in 2020.
The ULEZ would also lead to a significant reduction in the number of people living in areas of poor air quality (where levels of NO2 exceed legal limits) – by 74% in central London, 51% in inner London and 43% in outer London.
NEWS FROM THE US
Toyota kept its lead over rivals Volkswagen and General Motors as the world’s top-selling automaker in the first nine months of the year, Monday
reporting record sales of 7.615 million vehicles, up nearly 3 percent from the previous year. Volkswagen said earlier this month it sold 7.40
million vehicles for January-September, barely edging out General Motors Co. in the closely watched auto sales race. GM reported sales of 7.372
million cars and trucks worldwide earlier this month.
Source: Associated Press
For the second time this year, a long-standing defect linked to deaths and injuries has triggered a
mushrooming auto-safety crisis, lending more fuel to criticism that federal regulators haven’t done enough to
protect consumers from such dangers. Ten automakers have issued recalls for millions of airbags that, rather
than save drivers and passengers in a crash, can explode with a lethal spray of jagged metal. Perhaps most
unnerving to consumers, the problem doesn’t yet appear to be contained. On Wednesday, Oct. 22, two
automakers told Automotive News that they couldn’t say for sure whether all of the bad airbags had been identified.
Source: Automotive News
A WardsAuto forecast calls for U.S. automakers to maintain solid year-over year gains in
October, delivering 1.28 million light vehicles over 27 selling days. The resulting daily
sales rate of 47,356 units represents a 6.5% improvement over same-month year-ago (also
27 days) and an 8.2% month-to-month drop from September (24 days), in line with
seasonal expectations. The forecast equates to a 16.4 million-unit SAAR, a tick above the
16.3 million year-to-date SAAR through September. October sales also are in line with the current 16.4 million consensus forecast for full-year
2014 deliveries. However, several automakers have indicated they believe the industry will see stronger SAARs in the final two months of the year
that could boost LV sales closer to 16.5 million units.