More bad news for the car sector

As the row over whether the government should intervene over Jaguar more dire news for the UK car market which saw saw output fall by 33 per cent in November.

This from Paul Everitt, SMMT chief executive.

The UK motor industry is facing unprecedented challenges and urgent action is now required. The sector has seen falls in demand, extended plant closures and the first signs of redundancies in the supply chain.Without swift action and the ability to access credit and finance, significant damage will be done to the nation’s industrial capability – leaving the UK poorly equipped to take advantage of any global growth when it returns.”