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Car production rises again in February

Source: Reuters - Thu 18th Mar 2010

British car production rose for the fourth successive month in February, with weaker sterling cited as one of the factors helping the industry.

Car output rose 62.7 percent year-on-year in February, while commercial vehicle output also recovered sharply with an increase of 74.2 percent, the Society of Motor Manufacturers and Traders (SMMT) said on Thursday.

"Manufacturers and government need to work together to ensure that there is continued investment in new products and technology to sustain future growth" said SMMT chief executive, Paul Everitt.

"Sterling movement has made UK-built products more competitive, enabling the UK to work through challenging economic conditions" he added.

"Industry looks to next week's budget to maintain stability in demand through continued investment in new products."

The British car industry received a further boost on Thursday when Japan's Nissan Motor Co said it would begin building its Leaf electric compact car in the northern city of Sunderland from early 2013.

New car sales in Britain have benefited from a scrappage scheme that gives drivers 2,000 pounds if they trade in cars more than 10 years old for new, more fuel-efficient models.

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