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International

UK car industry to lose more than $15 billion due to pandemic

May 29, 2020 Reprints

The Society of Motor Manufacturers and Traders has said that the COVID-19 pandemic is expected to cost the U.K. car industry up to £12.5 billion ($15.4 billion) in revenues in April, Yahoo reported citing BBC. Only 197 premium and luxury sports vehicles rolled off factory lines during the month, compared with the pre-pandemic level of 400,000 cars.

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UK car industry to lose more than $15 billion due to pandemic

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