BR100 Increased By (0.02%)
BR30 Decreased By (-0.25%)
KSE100 Increased By (0.03%)
KSE30 Increased By (0.02%)
AGHA 6.74 Increased By ▲ 0.06 (0.9%)
BECO 4.38 Increased By ▲ 0.01 (0.23%)
BML 56.95 Decreased By ▼ -0.37 (-0.65%)
BOP 30.35 No Change ▼ 0.00 (0%)
CNERGY 13.08 Decreased By ▼ -0.04 (-0.3%)
CSIL 5.38 Decreased By ▼ -0.03 (-0.55%)
FCCL 52.76 Decreased By ▼ -0.03 (-0.06%)
FFL 14.65 Decreased By ▼ -0.07 (-0.48%)
FNEL 1.13 Increased By ▲ 0.01 (0.89%)
KEL 6.18 Increased By ▲ 0.09 (1.48%)
KOSM 6.08 Increased By ▲ 0.35 (6.11%)
LOTCHEM 26.52 Increased By ▲ 0.06 (0.23%)
MLCF 93.20 Increased By ▲ 0.04 (0.04%)
NBP 165.00 Increased By ▲ 0.34 (0.21%)
NCPL 55.55 Decreased By ▼ -0.11 (-0.2%)
NPL 60.75 Decreased By ▼ -0.41 (-0.67%)
OGDC 315.44 Decreased By ▼ -1.29 (-0.41%)
PACE 9.95 Increased By ▲ 0.08 (0.81%)
PAEL 35.55 Decreased By ▼ -0.08 (-0.22%)
PIBTL 14.80 Increased By ▲ 0.12 (0.82%)
PPL 224.40 Decreased By ▼ -2.51 (-1.11%)
PRL 92.40 Decreased By ▼ -0.62 (-0.67%)
PTC 60.35 Increased By ▲ 0.09 (0.15%)
SSGC 23.85 Increased By ▲ 0.04 (0.17%)
TBL 8.76 Increased By ▲ 0.01 (0.11%)
TELE 7.80 No Change ▼ 0.00 (0%)
TPL 22.44 Increased By ▲ 0.09 (0.4%)
TPLP 12.89 Decreased By ▼ -0.08 (-0.62%)
TREET 22.18 Increased By ▲ 0.02 (0.09%)
TRG 56.52 Decreased By ▼ -0.04 (-0.07%)
Business & Finance

UK car output slumps as chip shortages bite

Published Updated
By

LONDON: UK car production slumped 27 percent in August compared with a year earlier on production stoppages, notably owing to the global shortage of semiconducters, an industry body revealed Thursday.

"Another significant decline for UK car production is extremely worrying both for the sector and its many thousands of workers nationwide," said Mike Hawes, chief executive at the Society of Motor Manufacturers and Traders.

"While not the only factor at play, the impact of the semiconductor shortage on manufacturing cannot be overstated," the SMMT head added in a statement.

The organisation added that output was affected also by manufacturers' seasonal factory shutdowns.

Britain's mainly foreign-owned car industry, featuring the likes of Jaguar, Nissan and Vauxhall, made a little over 37,000 vehicles in August, down from about 51,000 one year earlier.

After a strong recovery at the beginning of the year, a global shortage in computer chips -- key components in both electric and conventional vehicles -- has held back car production worldwide.

The renewed scarcity is in part the result of renewed curbs over outbreaks of Covid-19, in particular in Malaysia, where key semiconductor production facilities are located.

Comments

Comments are closed for this article.