"Major new investment by vehicle manufacturers is opening up opportunities for UK-based suppliers, helping to drive the economic recovery and private sector investment," says SMMT boss Paul Everitt.
That includes the likes of Jaguar Land Rover which is investing more than £350m in the Midlands to produce high-tech 'green' engines, which should provide more than 700 new jobs. Much of the production growth is down to overseas demand. Last year we exported 75.7% of all cars made here.
PerspectiveCar production in the UK is driven by NIssan, Mini, Honda and Jaguar Land Rover. The positive reception the Land Rover Evoque has garnered should encourage Jaguar Land Rover, and its owner TATA. The Nissan Qashqai has also performed strongly. Last year it made up more than half of Nissan's overall UK car volumes last year.
Let's hope global - or rather Asian - demand continues, as demand in the UK and Europe remains weak.