The Society of Motor Manufacturers and Traders
The Society of Motor Manufacturers and Traders InternationalInternational Automotive Automotive Summit Summit 2424 November November 2009 2009 Chief executive’s welcome I am delighted to welcome you here this afternoon to SMMT’s first International Automotive Summit. We meet at an extremely important time, having endured the most difficult economic conditions, and this event gives us the chance to look beyond the recession and recognise the opportunities that lie ahead. Across the political spectrum there is widespread recognition that the UK cannot thrive on financial services alone. Manufacturing, and particularly automotive manufacturing, has a vital role to play in a more balanced economy and will be one of the generators of jobs and prosperity in the years ahead. Government has recognised the strategic national importance of our sector and through its support for the New Automotive Innovation and Growth Team’s report, has committed to a long-term partnership with the motor industry. In terms of our future, we know the global demand for motor vehicles will return. The fast growing markets in Brazil, India and China will continue to embrace personal mobility at faster rates and the replacement cycle for vehicles in developed markets will return. But this future demand will be for cleaner, safer and more fuel-efficient vehicles that can be developed and manufactured anywhere in the world. The challenge for the UK motor industry, and the government, is how to ensure the UK retains and grows its share of the developing global market. The UK’s automotive strengths – efficiency, productivity, innovative R&D and a flexible workforce have already attracted a diverse presence of vehicle manufacturers from Europe, Japan, Malaysia, China, Kuwait, India and the US.
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