UK Car Production Plummets by 30% in October

UK car and commercial vehicle production plummeted in October, with a thirty percent drop in overall units and a seventy-five percent decline in commercial vehicles. The drop is attributed to a major cyberattack and ongoing industry challenges, with exports to key markets also down. However, theres a silver lining: electrified vehicle production surged, accounting for nearly half of all cars built. This comes as the UK government unveils new budget measures, including funding for automotive transformation, but also concerns over a potential pay-per-mile electric vehicle tax.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.