According to Financial Times, the UK may have a new sport utility car vehicle production, when one of the country’s richest man Jim Ratcliffe is considering to start the production in Wales.
The newspaper says that the new factory would be in Wales where the US manufacturer Ford is closing its factory. It is expected that this would bring new jobs and new life to the UK automotive industry.
The auto sector is having 82 billion pounds turnover annually and the industry employs directly 186.000 people and over 850 000 indirectly. The UK auto export is about 12 % of the total export of the country.