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CV production still strong despite supply chain-constrained first half year fall

SMMT

to 56,956 units in first half of 2024 but still a third above pre-pandemic five-year average. Latest independent outlook expects factories to turn out some 111,000 light vans this year as sector looks forward to working with new government on an industrial strategy with automotive at its core. Export demand remains robust, up 3.6%

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SMMT International Update November 2024

SMMT

We begin November by leading a UK automotive trade mission to Slovakia, centred on this year’s exciting CEE Automotive Supply Chain event. The post SMMT International Update November 2024 appeared first on SMMT. We’re currently taking expressions of interest with more details expected soon.

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SMMT statement on the Budget 2024

SMMT

The automotive industry is a growth-driving sector, fundamental to the delivery of the country’s net zero ambitions. We therefore welcome today’s commitment of £2 billion of automotive transformation funding as part of the government’s modern Industrial Strategy. The post SMMT statement on the Budget 2024 appeared first on SMMT.

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SMMT International Update October 2024

SMMT

Next month, we will be taking a supply chain delegation to Slovakia, with a market briefing at the British Embassy and attendance at the CEE Automotive Supply Chain event, combining pre-arranged B2B meetings and a conference. The post SMMT International Update October 2024 appeared first on SMMT.

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Automotive still Britain’s number one exporter of goods despite year of renewal

SMMT

in the first half of 2024. 5 Mike Hawes, SMMT Chief Executive, said, As UK Automotive undergoes its most radical transformation in more than a century, short term production declines were always anticipated, and they represent a temporary adjustment in exchange for long term growth. in the first half of 2024. million by 2030.

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Everywhere All At Once: ChatGPT to find use in Supply Chain Management, Manufacturing, Retail, and In-Vehicle Experiences in the Automotive Industry

Frost & Sullivan Manufacturing

Data security and privacy remain major concerns as automakers move to embrace ChatGPT across the automotive value chain. Generative AI-powered Large Language Models (LLM), most prominently ChatGPT, are disrupting the automotive industry. Countries like Russia, China, Iran, Cuba, Syria, and Italy have banned ChatGPT.

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SMMT International Update September 2024

SMMT

We are also gearing up for the CEE Automotive Supply Chain event in Žilina, Slovakia from 13-14 November. The post SMMT International Update September 2024 appeared first on SMMT. SMMT has supported the event for many years and is delighted to have 19 companies in the UK pavilion among more than 100 at the show overall.