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Auto Industry in the United Kingdom - Essay Example
Author : leopold75
Pages 6 (1506 words)
This paper encompasses a discussion of the auto industry in the United Kingdom. More specifically the discussion includes three representative examples of the auto industry in the UK. One of the companies discussed originates in the UK and the other two are based elsewhere…
Bristol Motors originated and is still based in the UK and Mercedes Benz is a representative of the market of the auto industry in the UK as well. The auto industry is paramount and is significant in the UK as it is to the economies all over the world. According to Auto Industry "the automotive manufacturing sector contributes around 8.4bn added value to the economy, and accounts for 1.1% of GDP, 5.8% of manufacturing value-added and 9.5% of total UK exports of goods. Some 237,000 people are employed in the design and manufacture of vehicles and components. The West Midlands remains the heart of the industry in the UK with around 30% of the industry being based in the region. The UK is home to the world's most successful motorsport industry as well as a range of smaller producers serving specialist markets such as sports and luxury cars, and London taxis. 17 of the top tier one suppliers and around 20 leading independent automotive design firms also have a base in the UK. (2005)
The automotive industry is an essential element of the UK manufacturing sector. ...