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U.K.'s Society of Motor Manufacturers and Traders said that car production fell almost 10% year-on-year to 775,014 units in 2022, as part shortages and the COVID-19-led supply chain disruption continued to hit the sector, Sky News reported. Local car production declined 40.5% from pre-COVID-19 crisis levels in 2019 and to the lowest level since 1956.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees