In more positive economic news, Toyota are to build a new hybrid car in the UK at their plant in Burnaston, Derbyshire.
A brand new car will be produced for Suzuki, with production due to start next year. The two companies plan to work closely together after signing an agreement in 2017. Toyota will produce Suzuki-badged cars.
Toyota’s UK Managing Director, Marvin Cooke, has said: “This is good news for our UK plants and demonstrates Toyota’s trust in the capability of our workforce to deliver the highest levels of superior quality products.
“Seeking to produce additional volume for other customers is one example of all the efforts we are making to keep our UK manufacturing operations as competitive as they can be.
“We have consistently said for the medium to longer term, continued free and frictionless trade and common automotive technical standards will be essential to support the international competitiveness of the UK automotive sector.”
Meanwhile the President of Toyota Motor Corporation, Akio Toyoda, commented: “Through our new agreement, we look forward to the wider use of hybrid technologies around the world.
“We believe that the expansion of our business partnership with Suzuki – from the mutual supply of vehicles and powertrains to the domains of development and production – will help give us the competitive edge we will need to survive this once-in-a-century period of profound transformation.”
More brilliant news that once again defies the doom-mongers.