76-Year Low for UK Car Production as Aston Martin Tariff Hits Hard
UK car production collapsed in May to just under 50,000 units, marking the lowest monthly output since 1949, excluding pandemic lockdowns, according to the Society of Motor Manufacturers and Traders. The slump came amid a 33 percent year-over-year drop, driven by a sharp decline in vehicle exports. Why Did This Happen? The headline driver is the…