SMMT today hosted the second in a series of sourcing seminars
for the UK automotive industry. With the focus on the premium and niche sectors,
vehicle component suppliers were brought together with representatives from
Bentley Motors Ltd, Jensen, London Taxis International and MG Rover.
Purchasing philosophies of the manufacturers, future sourcing
strategies and advice on how to compete with foreign competition all featured
in a comprehensive presentation. Tim Burt, the Motor Industry Correspondent
for the Financial Times offered an overview on the sector as an informed observer.
Speaking during the event, Des Kelly, Director of Quality for
Bentley Motors Ltd said, ‘In our opinion, the UK supply base has the necessary
skill to survive, and the top tier of component manufacturers can go on to hold
a significant place in the world market. What is required of them is a commitment
to gain quality accreditation in order to compete effectively’. He also cautioned
that manufacturers are looking at total acquisition cost as a key factor in
purchasing decisions.
SMMT Chief Executive, Christopher Macgowan said afterwards,
‘It is encouraging to see the level of belief that manufacturers and suppliers
have in the future of their UK business. Clearly, despite a difficult economic
climate, Britain’s automotive industry is here to stay and grow. It is not sinking
into oblivion as some would have us believe.’
Notes to editors:
- In 2000, the UK vehicle and component manufacturing industry
generated £45 billion of annual sales and accounted for 5.3 per cent
of GDP.
- Britain has more than 60 producers of cars, vans, trucks
and buses.
- There are around 850,000 people employed in vehicle manufacturing,
distribution and maintenance in the UK. This figure includes about 307,000
jobs in vehicle and component production and manufacturing.
