Today the Board of Directors of the European Automobile Manufacturers’ Association (ACEA) will hold its annual meeting at the Society of Motor Manufacturers and Traders (SMMT).
The board met Prime Minister David Cameron this morning to discuss a range of topics including international competitiveness, trade policy, environmental incentives and the contribution automotive makes to the economy.
Business Secretary Vince Cable said the ACEA meeting being held in the UK demonstrated “the growing international recognition of our automotive industry and the interest in our national ambition to generate growth in the whole advanced manufacturing sector”.
In light of recent announcements confirming ongoing automotive manufacturing in the UK, significant investment in production facilities and the safeguarding of thousands of jobs, Dr Cable said, “The competitiveness of automotive manufacturing in this country is shown by the commitment of the biggest global firms to make serious investments in long-term production here and as a government we are determined to make sure this success story remains a big part of the future economic growth we must secure.”
Paul Everitt, Chief Executive of the Society of Motor Manufacturers and Traders said, “The UK motor industry is globally competitive and an engine for economic growth. New investments demonstrate the commitment of international investors, safeguard thousands of jobs and open up opportunities for companies at all levels of the supply chain.
“Industry and government must continue to strengthen our partnership to maintain and increase investment in vital areas of R&D, skills and capital equipment.”
For more detail on the scale and significance of UK automotive, download the 2011 Motor Industry Facts publication.