UK Auto Industry Turnover Hits A Record High Of £69.5bn

Sales of cars and light trucks in the U.S. likely set a record for 2015 at around 17.5 million vehicles, leading to the question of whether auto makers this year might eclipse the 18 million vehicle mark. The automotive industries of the other belligerents were smaller in scale, and their facilities for armaments manufacture were proportionately greater than in the United States or Great Britain. If they are able to snap a little piece of the market just by their brand name, it will still be huge. Immediately I think of Apple contenting itself with a tiny fraction of the computer market for decades.automotive industryautomotive industry

Increasing sales facilitated production on a larger scale in factories with broader market distribution. The jobs were saved, the economy was helped, and the government gets repaid ahead of schedule. According to the Auto Alliance, the automotive industry spends nearly $100 billion on R&D , with …