Car production in reverse as EV mandate weighs
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Car production in the UK fell by 15.3% in October as manufacturers faced challenges meeting electric vehicle mandates. A total of 77,484 cars were produced, down by 14,037 from the previous year, according to the Society of Motor Manufacturers and Traders.
November 28, 2024 | 9:00 am
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Stellantis (STLA) may be impacted by the decline in UK car production due to challenges in meeting electric vehicle mandates.
The decline in UK car production is linked to the pressure of meeting electric vehicle mandates. Stellantis, being a major car manufacturer, could be affected by these industry-wide challenges, potentially impacting its production and sales in the short term.
CONFIDENCE 70
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RELEVANCE 50