The UK automotive industry has urged the Chancellor (Rachel Reeves, Britain’s government minister responsible for fiscal policy) to get behind the government’s Modern Industrial Strategy, and create the conditions needed to restore the sector to a 1.3 million vehicle manufacturing hub by 2035. According to GlobalData, UK passenger car output this year is forecast at around 700,000 units and has declined from an annual 1.5 million units as recently as 2018. The Society of Motor Manufacturers and Traders ...