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British car output soars 42% in May
by Staff Writers
London (AFP) June 14, 2012


The number of cars built in British factories rocketed more than 42 percent in May compared with 12 months earlier, when Japan's tsunami disaster hit exports of auto parts, industry data showed Thursday.

The Society of Motor Manufacturers and Traders (SMMT) said 141,146 cars were made in May, the month's highest output for eight years.

"Car manufacturing in May hit the highest level of output since 2004 posting 42.2 percent growth, a sizable recovery against volumes hampered by last year's Japanese tsunami," SMMT chief executive Paul Everitt said in a statement.

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Asian investors buy Saab to make electric cars for China
Stockholm (AFP) June 13, 2012
Bankrupt Swedish carmaker Saab received a new lease on life on Wednesday, with Asian investors aiming to revive the iconic brand to make electric cars for the Chinese market. National Electric Vehicle Sweden AB (NEVS), a new company created by two firms in Hong Kong and Japan just a few months ago and registered in Sweden with the express purpose of buying Saab, said it would buy the ill-fat ... read more


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