UK's Component Industry Could Disapear by 2016

Members of the Welsh Automotive Forum (WAF) were cautioned that UK's automotive component industry reached a critical moment and could vanish by the middle of the decade unless immediate action is taken.

Garel Rhys, chairman of WAF, suggested that the industry wouldn't disappear gradually, but rather suddenly pass out of sight, with the global automotive industry's shifting towards new technology.

"In 2008 the automotive manufacturing sector employed more than 163,000 people but two y...

Source: http://www.autoevolution.com/news/uk-s-component-industry-could-disapear-by-2016-27148.html

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