Sharp increase in car production

As many as 62.7% more cars were produced last month in the country, compared with the same period in 2009, latest figures have shown.

As the automotive industry revives from the recession, February 2010 marked the fourth month of consecutive growth in new car production, according to the the Society of Motor Manufacturers and Traders (SMMT).

Meanwhile, commercial vehicle (CV) production increased even more sharply during the same period, shooting up by 74.2%.

SMMT chief executive Paul Everitt said: "The fourth month of consecutive growth in new car production is encouraging news for industry.

"Manufacturers and Government need to work together to ensure that there is continued investment in new products and technology to sustain future growth."

Mr Everitt further said that sterling movement has made UK-built products more competitive, enabling the UK to work through challenging economic conditions.

He explained: "UK-built engines and vehicles are exported to over 100 markets worldwide, offering some resilience to local market conditions. Industry looks to next week's Budget to maintain stability in demand through continued investment in new products."

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