UK car production plunges to 76-year low for May

UK car production in May hit a 76-year low due to US tariffs affecting exports, with production dropping significantly to 49,810 units, according to the Society of Motor Manufacturers and Traders (SMMT). Exports to the US were halved following new tariffs imposed by President Donald Trump, causing manufacturers like Jaguar Land Rover and Aston Martin to halt or reduce shipments. However, with US import taxes on UK cars set to decrease by the end of June, there is optimism for a turnaround in production.