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News Tag: production

July 22, 2010

UK car production jumps in June

by Kay Murchie
”UK
Figures published today by the Society of Motor Manufacturers and Traders (SMMT) revealed a sharp rise in UK car production for the month of June. Car production surged 28.6% against the same month a year ago, while production for the first half of 2010 is 55% higher than the same period last year, The SMMT said there were 118,000 cars produced in June ...



April 26, 2010

Troubled UK Coal reports full-year loss

by Kay Murchie
”Troubled
The UK’s biggest coal producer, UK Coal, has today reported increased losses for the 2009 year due to a fall in production and lower coal prices. The company said pre-tax losses grew to £129.1 million for the full year, against a loss of £15.6 million the previous year. Meanwhile, revenues plunged by 20% to £316 million in the period from £392.5 million ...



March 31, 2010

UK car scrappage scheme ends today

by Kay Murchie
”UK
The UK’s car scrappage scheme, which was introduced last May to boost the ailing car industry, expires today after giving the car industry a much-needed boost. The £400 million initiative paid drivers of cars at least 10 years old £2,000 off the price of a new vehicle. The £2,000 grant was made up of £1,000 from the Government and £1,000 from the ...



March 26, 2010

Recalls lead Toyota to halt production in France and Britain

by Kay Murchie
”Recalls
Struggling Japanese carmaker Toyota is to suspend production at plants in France and Britain for two weeks from Monday amid safety recall problems. The carmaker has been suffering amid major safety fears and has recalled almost 9 million vehicles over concerns about accelerator pedals and brake systems. The problems have been blamed for almost 60 deaths in the ...



March 16, 2010

Shell steps up cost-cutting programme with further job losses

by Kay Murchie
”Shell
Oil giant Royal Dutch Shell has today announced it will axe a third of its global petrol station network and shed a further 1,000 jobs by the end of next year, as part of its ongoing cost cutting programme. The Anglo-Dutch firm, which is Britain’s second largest oil company, has been hit by a slump in demand for ...



March 15, 2010

US industrial output edges up in February

by Kay Murchie
”US
Figures published by the Federal Reserve today revealed a marginal rise in US industrial production in February. According to the US central bank, industrial output rose by just 0.1% in the month and followed a 0.9% increase in January. However, the small rise was better than the zero percent that analysts had forecast after severe snowstorms swept most of the country during ...



February 23, 2010

Car production surges in South Korea

by Kay Murchie
”Car
According to the Korea Automobile Manufacturers Association (KAMA), South Korea's share of the global car market grew to an all-time high of 5.7% in 2009. The KAMA said South Korea produced a total of 3.513 million vehicles last year - 5.7% of the 61.295 million total worldwide. As a result, the country retained its ranking as the world's fifth biggest carmaker in terms ...



December 7, 2009

Surge in Chinese car sales and production

by Kay Murchie
”Surge
Chinese state media has reported that annual car sales and production in China has accelerated and topped the 12 million mark to the end of November. In addition, the Xinhua News Agency reported that the China Association of Automobile Manufacturers expects car sales and production to exceed 13 million units for the full year. China has never produced more than 10 million ...



October 23, 2009

UK car production slows but rate easing

by Kay Murchie
”UK
According to the Society of Motor Manufacturers and Traders (SMMT), UK car production fell 16% in September compared with the same month last year. However, the SMMT said it was the smallest fall for 12 months and was considerably less than the annual rate of fall of 31.5% reported in August. The SMMT attributed the lower decline to the Government’s scrappage scheme, ...



September 8, 2009

UK manufacturing output sees rise in July

by Kay Murchie
”UK
The Office for National Statistics has today revealed a rise in UK manufacturing output during July, boosted by a sharp improvement up in car production. Factory output rose by 0.9% in July when compared with the previous month - treble the figure that analysts had forecast and the fastest rate in 18 months. However, output was down by 10.1% compared with a ...



September 4, 2009

Scrappage scheme continues to be a success

by Kay Murchie
”Scrappage
The Society of Motor Manufacturers and Traders (SMMT) has today revealed a further rise in car sales as a result of the Government’s car scrappage scheme. The scheme, which was launched on 18 May to boost the ailing car industry, pays consumers £2,000 to get rid of their old cars and replace it with a more environmentally friendly car. According to ...



August 21, 2009

Car production falls but decline easing

by Kay Murchie
”Car
The Society of Motor Manufacturers and Traders (SMMT) has today revealed a fall in car production but said the fall was eased by the car scrappage scheme. According to the SMMT, there were 107,635 cars made in the UK in July 2009 - a fall of 17.9% compared with the same month a year earlier. However, the fall was the smallest of the ...



July 1, 2009

UK manufacturing production in first rise since March 2008

by Kay Murchie
”UK
There are hopes that the UK’s beleaguered manufacturing industry is recovering after the Purchasing Managers' Index from the Chartered Institute of Purchasing and Supply (CIPS) said output in the industry rose for the first time since March 2008 in June. The index showed a reading of 52.1 - anything above 50 is positive and indicates growing production. While today’s figures ...



June 29, 2009

Japan’s industrial output up 5.9% on month

by Kay Murchie
”Japan’s
The world’s second largest economy received some good news today with the Ministry of Economy, Trade and Industry announcing that industrial production was up 5.9% in May from a month earlier. The gain was the third consecutive monthly rise with manufacturers predicting that output will rise 3.1% in June and 0.9% in July. However, despite today’s rise, industrial output in May was ...



May 22, 2009

Car production plummets by 55%

by Kay Murchie
”Car
Figures released today by the Society of Motor Manufacturers and Traders (SMMT) have revealed a sharp fall in UK car production. According to the SMMT, car production fell 55.3% in April compared with the same month in 2008. A total of 68,258 cars were made in April, while the total for the year to date is approximately 251,268 cars. Furthermore, 56,267 cars were ...



March 31, 2009

Oil prices have fallen amid fears of car industry

by Peter Charalambous
”Oil
After continued fear of the threat of the global economic downturn spreading to Asia, as well as the car industry across the world, has pushed oil prices below $50. Energy analysts have not found a reason to suggest that oil prices will rebound like they did at the end of last month, from $40 per barrel to above $50. At ...



March 27, 2009

US durable goods up 3.4 percent

by Peter Charalambous
”US
Last month saw an unexpected rise in the number of orders for US durable goods having rebounded by 3.4 percent following an increase in demand for machinery and defence goods, the Commerce Department announced Wednesday. After six consecutive declines, February’s increase is the sharpest since August 2005 and is well above the 1.2 percent decline that economists had predicted. After a 7.3 percent ...



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 ...