UK Commercial Vehicle manufacturing down -13,6% in Februar as sector supports fight against Coronavirus

UK Commercial Vehicle manufacturing down -13,6% in Februar as sector supports fight against Coronavirus

28.03.2020: UK COMMERCIAL VEHICLE MANUFACTURING British commercial vehicle output falls -13.6% in February, with 7,980 units produced. Exports drive decline, down -26.2%, as output for UK market ri

UK COMMERCIAL VEHICLE MANUFACTURING


    British commercial vehicle output falls -13.6% in February, with 7,980 units produced.

    Exports drive decline, down -26.2%, as output for UK market rises by 417 units.

    Crucial commercial vehicle sector calls for more government action to ensure uninterrupted deliveries during national crisis.





UK commercial vehicle production declined -13.6% in February, with 7,980 vans, trucks and buses manufactured, according to the latest figures released today by the Society of Motor Manufacturers and Traders (SMMT). The performance follows a bumper February in 2019 when output grew by more than half ahead of key model changes, and reflects the cyclical nature of this low volume sector.



Slower demand in key European markets saw production for export fall -26.2% in the month, with 1,670 fewer units shipped overseas. Meanwhile, following five months of decline, output for the domestic market returned to growth, up 14.6%, with 3,279 vans, trucks and buses built for UK operators.



The news comes amid widespread plant closures across the UK as manufacturers respond to the coronavirus pandemic. While CV production in the UK is largely expected to be on shutdown for the coming month, the sector is striving to ensure component production and the provision of maintenance services for essential transport, delivery and emergency service vehicles can continue.



Mike Hawes, SMMT Chief Executive, said, “T
he UK’s commercial vehicle sector is critical to the fight against coronavirus, working night and day to deliver food, medicine and other essential goods and services to support society’s most vulnerable and help prop up the economy.



Government’s pledge of emergency finance and other measures to help protect these businesses and workers during the crisis has been widely welcomed but it is now about getting that relief to all companies in the fastest time possible. Meanwhile, additional provisions for official road-approval testing to get even more essential vehicles in service and supporting the national effort must also be implemented urgently.”




About SMMT and the UK automotive industry




The Society of Motor Manufacturers and Traders (SMMT) is one of the largest and most influential trade associations in the UK. It supports the interests of the UK automotive industry at home and abroad, promoting a united position to government, stakeholders and the media.



The automotive industry is a vital part of the UK economy accounting for £82 billion turnover and £18.6 billion value added. With some 168,000 people employed directly in manufacturing and 823,000 across the wider automotive industry, it accounts for 14.4% of total UK export of goods and invests £3.75 billion each year in automotive R&D. More than 30 manufacturers build some 70 models of vehicle in the UK supported by 2,500 component providers and some of the world's most skilled engineers.



More detail on UK automotive available in SMMT's Motor Industry Facts 2019 publication at smmt.co.uk/facts19




Paul Mauerhoff, Aleona Krechetova - photos SMMT


Permanent-URL: http://www.automobilsport.com/uk-commercial-vehicle-manufacturing-down-february-coronavirus---205567.html

28.03.2020 / MaP

More News

Volvo Cars restructures executive management
27.03.2020
Volvo Cars is restructuring its executive management, starting 14 April, to effectively position the company to capture business opportunities from the transformation of the automotive industry.Unde more >>
Kia Motors Corporation appoints Ho-sung Song as President
27.03.2020
    Song will spearhead advancement of company’s mid- to long-term strategy ‘Plan S’    Song’s extensive experience across automotive value chain, expertise in overseas operations are expected to help company’s transition to future businesses — electric vehicles and mobility solutions more >>
Mitsubishi Motors Corporation Personnel Change
27.03.2020
MITSUBISHI MOTORS CORPORATION today announced the following important personnel change effective March 26, 2020. Important Personnel ChangesEffective March 26, 2020  more >>
Market primer: central banks
26.03.2020
Gold plays a prominent role in reserve asset management, being one of the few assets that is universally permitted by the investment guidelines of the world’s central banks. This is in part due to the gold market being deep and liquid – a key requirement of reserve asset managers. more >>
SEAT posts positive financial results and faces a challenging year
25.03.2020
    Double-digit sales growth drives key financial indicators to record figures    Profit after tax goes up by 17.5% and reaches 346 million euros    SEAT devoted 1.259 billion euros to investments and R&D expenses (+3%)    Carsten Isensee: “The 2019 results provide a solid foundati more >>
Groupe Renault postponement of the annual general meeting of shareholders
25.03.2020
In the current uncertain context due to the coronavirus pandemic worldwide, Renault’s Board of Directors has decided to postpone the Annual General Meeting of shareholders scheduled for April 24, 2020 to a future date in May or June.The Board of Directors is keen to encourage more >>
Porsche SE: Group profit after tax increases by 26.3 percent to 4.4 billion Euro
24.03.2020
Double-digit sales growth at PTV Group - Dividend increased to €3.11 per preferred share - AEVA develops key technology for advanced driver assistance systemsThe consolidated profit after tax of Porsche Automobil Holding SE (Porsche SE), Stuttgart, has risen to 4.4 billion Euro in the 2019 fiscal year, an increase of 26.3 per more >>
Polestar announces additional board directors
23.03.2020
    Polestar announces appointment of two additional members to its Board of Directors to accelerate growth and development    David Richter and Yankun Hou join the Polestar BoardTo accelerate the journey t more >>
IMF Closure DC Shutdown
20.03.2020
The IMF has closed its headquarters in Washington, DC indefinitely as a result of the COVID-19 epidemic. The Fund has acknowledged two confirmed cases of coronavirus infection among its staff.Both are recovering, but the I more >>
Porsche's result after an electrifying year
20.03.2020
...innovative, sustainable, successful2019 financial year stands for implementation of important strategic decisionsIn the 2019 financial year, Porsche AG increased deliveries, sales revenue and the operating result more >>
Financial year 2019: AUDI AG achieves its financial targets and sets a course for long-term competitiveness
19.03.2020
CEO Bram Schot: “Exceptional situation due to corona: we are focusing on protecting our employees, contractors and guests and making the right business decisions in this volatile environment.”         In a difficult environ more >>
Daimler issues the first fully digital Schuldschein with LBBW
19.03.2020
    Distributed ledger technology, digital signatures and the DEBTVISION financing platform enable end-to-end digitalization of lending    New digital procedure used for the first time legally effective for Daimler AG Schuldschein of € 25 million    First platform-marketed, legally effective and comple more >>
Automobili Lamborghini achieves record figures in Fiscal Year 2019
19.03.2020
Coronavirus poses significant challenges for 2020     In 2019 turnover grows by 28% from 1,42 to 1,81 billion Euro    Worldwide sales increase by 43% from 5,750 to 8,205 units    Strong s more >>
Streaming of Porsche annual press conference
19.03.2020
  On Friday, 20 March, 2020, Oliver Blume (Chairman of the Executive Board) and Lutz Meschke (Deputy Chairman of the Executive Board and Member of the Executive Board for Finance and IT) will present an overview of the 2019 fiscal year results of Porsche AG.   &nbs more >>
Innovation leadership: BMW Group plans over 30 billion euros on future-oriented technologies up to 2025
18.03.2020
Zipse: “Solidarity and responsible action are called for” - Guidance 2020 affected by corona spread - Power of Choice: Next BMW 7 Series all-electric version - Unequivocal commitment to meeting CO2 targets more >>
Volkswagen brand about to leap into the electric era
18.03.2020
 Rise in deliveries to 6.3 million in 2019, despite declines in overall market  Operating margin before special items increased to 4.3 percent  Start of second phase of TRANSFORM 2025+ strategy with focus on e-mobility and digi more >>
Cavendish Advises Leading Construction Recruitment Firm Falcon Green on Sale of a Minority Stake to Two Private Business Investors
17.03.2020
The investment will help Falcon Green accelerate its growth and take advantage of the Government’s latest drive in public housing construction and infrastructure projects Cavendish Corporate Finance, the UK’s leading sell-side mid-market M&A f more >>
Volkswagen Group and its brands bring 2019 to successful conclusion
17.03.2020
CEO Dr. Herbert Diess: “2019 was a very successful year for the Volkswagen Group. We have laid vital groundwork for all relevant changes.”  Volkswagen Passenger Cars increases sales revenue and operating profit – ID.31 and Golf 8 DNA models introduced, new brand design expresses the brand’s new attitude  Audi achieves more >>
Daimler postpones Annual Shareholders’ Meeting
14.03.2020
    Annual Meeting will not take place on April 1 due to Corona pandemic    Priority placed on health of shareholders, employees, guests and service providersAfter weighing all aspects, es more >>
Porsche SE: Total dividend payout of 952 million euros
13.03.2020
Dividend proposal 41 percent increase- 3.11 euros per priority share - Group profit after tax increases by 26.3 percent to 4.4 billion eurosThe Board of Management and Supervisory Board of Porsche Automobil Holding SE (Porsche SE), Stuttgart, are proposing to increase the dividend for fiscal 2019 by 41 percent to Euro 3.11 ( more >>
BMW Group increases profitability and EBIT again in fourth quarter – targets for 2019 achieved
13.03.2020
Zipse: "Embracing transformation with confidence" -  Profit before tax up significantly in fourth quarter - Group revenues exceed 100 billion euros for the first time -  Quarter-on-quarter improvement in profitability in 2019 -  Solid free cashflow at 2.6 billion euros -  Revenues in fourth quarter at more >>
Supervisory Board names Frank Weber to Board of Management of BMW AG
12.03.2020
Klaus Fröhlich to step down from Board of Management at age 60 - Frank Weber will head Development division, effective July - Reithofer: “Competent successor to Klaus Fröhlich” -  Zipse: “Excellent addition to Board of Management” more >>
Reorganization Businesss Infrastructure of the Entire Mitsubishi Motors Group
12.03.2020
Reorganizes Domestic Sales Affiliates to Offer Customer First Services by Reinforcing the Business Infrastructure of the Entire Mitsubishi Motors GroupMitsubishi Motors Corporation (MMC) will r more >>
Mitsubishi Motors Announces Top Management and Other Important Personnel Changes
11.03.2020
Mitsubishi Motors Corporation announced today the top management and other important personnel changes effective April 1, 2020. 1.Executive Officers  more >>
Volkswagen pays performance-related bonus of €4,950
11.03.2020
CEO Dr. Herbert Diess and Works Council Chairman Bernd Osterloh praise team performance in 2019 For 2019, the employees of Volkswagen AG covered by collective bargaining agreements are to receive a performance-related bonus of €4,950 gross. The CEO of Volkswagen AG, Dr. Herbert Diess, and the Chairman of the General Works Council, Bernd Osterl more >>
Louis Gallois will continue to serve as Chairman of the Peugeot S.A. Supervisory Board
11.03.2020
Further to the signing of the Combination Agreement between Groupe PSA and FCA on December 17, 2019, and in order to ensure continuity until the closing of the merger between the two companies, Louis Gallois has agreed, with the Supervisory Board members, that he will continue to serve as Chair more >>
New management for BMW Bank GmbH -Kathrin Kerls takes over as Chair of Board of Management
06.03.2020
BMW Bank GmbH will appoint Kathrin Kerls as its new Chair of the Board of Management, effective 1 April 2020. The 51-year-old lawyer joins the company from UniCredit Bank AG, where she has worked since 2009. more >>
Coronavirus leads to nosedive in global vehicle sales with lowest January registrations since 2012, says GlobalData
04.03.2020
Global light vehicle sales figures from the first month of 2020 should make for alarming reading. Just 6.2 million were sold in January, - the lowest monthly figure since January 2012, which saw 5.9 million units sold, according to GlobalData, a leading data and analytics company.Driving the drop in sales was the emergence in December 2019 of the coronavirus (COVID more >>
Kia Motors America Announces Record February Sales
03.03.2020
Best-Ever February Sales of the Sportage SUV Leads Kia to a Twenty Percent Year-Over-Year IncreaseKia Motors America today announced record February sales of 52,177 vehicles, a 20-percent increase over the same period last year. Sales were led by the Fo more >>
Record Truck Deliveries and Strong Car Sales Boost American Honda to February Records and 2020 Gains
03.03.2020
    American Honda trucks set new February record as both Honda and Acura Divisions set new benchmarks    American Honda sales were up 4.2%, with trucks gaining 6% and passenger cars up 2% for the month &n more >>
European Commission and cities and regions pledge closer cooperation to boost uptake of Free Trade Agreements
02.03.2020
Trade Commissioner Phil Hogan joined the members of the European Committee of the Regions' (CoR) commission for economic policy (ECON) on 2 March to discuss the opportunities and obstacles of implementing EU Free Trade Agreements (FTAs) on local and regional level. The ECON members also adopted their recommendations on the implementation of FTAs, t more >>
Hyundai Motor Company appoints new head of Middle East and Africa region
02.03.2020
Hyundai Motor Company has announced the appointment of Mr Bang Sun Jeong as its new vice president of the Middle East and Africa region. Based at Dubai's regional headquarters in the United Arab Emirates, Jeong will oversee the day-to-day operations and wil more >>
Kia Motors announces February global sales
02.03.2020
Kia Motors Corporation today announced its February 2020 global sales results for passenger cars, recreational vehicles (RVs) and commercial vehicles, recording a total of 187,844 units sold, which represents a five percent decrease from February 2019.Compared to February 2019, the sales more >>
Wayne Griffiths, new Chairman of the Board of Directors of CUPRA
02.03.2020
The CUPRA Tribe continues to grow    The current CEO is now also the brand’s senior executive    CUPRA expands its team in order to achieve a turnover of one billion eurosWayne more >>
Volkswagen Group with positive business performance in 2019
28.02.2020
 Sales revenue increases to EUR 252.6 billion (+7.1 percent) – operating profit before special items grows to EUR 19.3 billion (+12.8 percent)  Automotive Division: Net cash flow increases markedly to EUR 10.8 (-0.3) billion; net liquidity reaches EUR 21.3 (19.4) billion  Board of Management and Supervisory Board propose an more >>
Mitsubishi Motors Corporation Personnel Changes
28.02.2020
MITSUBISHI MOTORS CORPORATION (MMC) will make the following personnel changes as of March 1. Personnel Changes Effective March 1, 2020 Hiroshi N more >>
Mitsubishi Motors Announces Production, Sales and Export Figures for January 2020
27.02.2020
January 2020     Fiscal Year 2019 (19/04-20/01)     Calendar Year 2020 (20/01-20/01) Volume     YoY(%)     Volume     YoY(%)     Volume &nbs more >>
Renault Retail Group presents its project to change scope between now and 2024
27.02.2020
    Renault Retail Group (RRG) is planning to resize its business activities in France.    The project will involve the sale of ten dealerships to reliable and robust purchasers, safeguarding jobs.    The project will enable RRG to pursue its recovery and optimize future investments. more >>
Groupe PSA achieved a new profitability record in 2019
26.02.2020
•    €74.7 billion Group revenue up 1%•    8.5% Group adjusted operating margin[1] at €6.3 billion•    8.5% Automotive division[2] adjusted operating margin up 0.9 pt at €5.0 billion•    Record net result Group share at €3.2 billion•&nb more >>
2001-2021 copyright automobilsport.com