Semiconductor shortage slows upturn in commercial vehicle production


 

UK CV production grew by 7.5% in July marking the fifth month of consecutive growth, but output remains almost 24% below the five-year average, according to new figures. The SMMT said 5,625 units were produced last month, a significant increase on July 2020 when production lines were running at reduced capacity. However, year-to-date production remains 21.3% below the average, with blame apportioned to the scarcity of semiconductor chips and an increase in workers who were required to self-isolate. The SMMT […]