Motor industry slumps to new low

The slump devastating the UK car industry has reached a record new low as production crashed by a staggering 59% during February.

New figures have revealed that manufacturers produced just 59,777 cars last month as the car giants battled to survive the global economic crisis.

The depressing figures have come as little surprise as a raft of manufacturers have announced job losses, production cuts, plant closures and reduced working weeks.

The commercial vehicle sector was even harder hit, with production plummeting by 71.6% compared with a year ago.

Compiler of the figures, the Society of Motor Manufacturers and Traders, said that more than 300,000 units have been lost from total vehicle output in the past 14 months.

Chief executive Paul Everitt said: "The large fall in February's vehicle production is a direct result of weak demand and the need to protect the highly-skilled workforce and valuable industrial capability in the UK automotive sector."

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