BBC news Business (UK car output driven down by plunging demand in China

Plunging demand

• The number of cars made in the UK fell in January for the eighth month in a row, with much of the decline driven by plunging demand in China and the EU.
• Output for China was down by 72% while for the EU it was 20% lower, according to the industry body.
• The Society of Motor Manufacturers and Traders (SMMT) said production overall fell by 18.2%, but output for destined for export was down by 21.4%.
• However, SMMT chief executive Mike Hawes added: "The industry faces myriad challenges, from falling demand in key markets, to escalating global trade…