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UK car production reached its highest level since 2019, with output by foreign-owned car producers like Nissan and Jaguar Land Rover increasing by nearly 17% to over 905,000 units in 2023, according to the Society of Motor Manufacturers and Traders (SMMT). The easing of pandemic-related challenges and increased production of electrified models were cited as drivers of this growth. However, the SMMT warned of potential delays and cost pressures due to attacks on shipping in the Red Sea. The majority of vehicles made in the UK are exported to the European Union, and the SMMT emphasized the need for competitiveness in the face of global competition and geopolitical tensions.

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