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Thursday 02nd of April 2009

News Tag: car

March 5, 2009

SMMT reports 22% fall in UK car sales

by Kay Murchie
”SMMT
Figures released today by the Society of Motor Manufacturers and Traders (SMMT) have revealed further bad news for the UK car industry. According to the organisation, new registrations fell 21.9% in February, compared with the same month last year. The industry has been hit badly as the economic downturn has meant that consumers have cut back on big ticket items, particularly ...



February 22, 2009

UK car production in significant fall

by Kay Murchie
”UK
Figures released by the Society of Motor Manufacturers and Traders (SMMT) have revealed a significant fall in UK car production. According to the SMMT, 61,404 news cars were produced last month, almost 60% down compared with than January 2008, primarily due to the slump in demand for new vehicles which has resulted in many plant closures and job losses. The SMMT added that ...



January 27, 2009

Lord Mandelson unveils £2bn package for UK’s struggling car industry

by Kay Murchie
”Lord
This afternoon, Business Secretary, Lord Mandelson, unveiled a rescue package of £2.3 billion for the UK’s ailing car industry. The package comes after months of pressure on the Government to take action after the Society of Motor Manufacturers and Traders (SMMT) warned that the industry was "battling" for its survival. Many car manufacturers have been forced to place ...



Lifestyle expectations put pensions in jeopardy

by David Masters
Lifestyle expectations put pensions in jeopardy
Working adults in the UK have 'higher expectations' of life than previous generations, causing a decline in saving for pensions. This is the view of Padraig Floyd, editor of Pensions Management magazine. According to Floyd, many consumers now take for granted having 'a house, two holidays' and being 'able to go out for meals regularly' despite not earning enough to maintain this lifestyle. Because ...