News Snapshot:
London CNN — UK car manufacturing hit a 66-year low in 2022, as the closure of two plants, a global shortage of semiconductors and the effect of Covid lockdowns in China on auto supply chains crippled output. Figures published Thursday by the Society of Motor Manufacturers and Traders (SMMT), an industry body, showed that the number of passenger cars made in Britain declined 10% year-on-year to hit 775,014. That’s the lowest total since 1956, and 41% down on the 1.3 million cars made in 2019 before the pandemic. The UK auto industry has suffered a series of setbacks recently, including...
