Future Of British Business
UK Carmakers Warn ‘Alarming’ Energy Costs Risk Choking Output
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Automakers in the UK warned that soaring energy costs are threatening a fledgling recovery in vehicle production.
While output rose 8.6% last month to 58,043 cars after supply-chain constraints improved, that’s still nearly 50% below pre-pandemic levels, the Society of Motor Manufacturers and Traders said Thursday. Last year’s July was the worst for the industry in more than six decades.