Telford, England -- (SBWire) -- 05/26/2016 --Britain's key car makers are hurriedly making contingency plans to ensure there is no disruption to supply amidst the current UK steel crisis. The future of Tata Steel, one of the UK's largest producers is hanging in the balance; leaving a gaping hole in the supply chain should no one be found for a buyout.
According to figures from the Society of Motor Manufacturers and Traders, UK car production is close to exceeding a record high some 40 years ago. In the first quarter of the year, 443,581 cars were made in Britain, an increase on the previous year of 10.3%.
However, the trade body has issued warnings that if the Tata steel buyout collapses, the impact on UK production will be felt far and wide, particularly within car manufacture, where figures could plummet should the worst scenario come to pass.
A spokesperson for SMP Security commented "We have been closely following the progress of Tata steel and have been hoping for positive developments. The crisis with Tata impacts on so many different industry sectors. As a British safe manufacturer, we wholeheartedly support the industry and sincerely hope that Tata Steel finds the right buyer to ensure the future of UK manufacture."
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