A new Automotive Council report has highlighted a fresh ￡2 billion growth opportunity for UK component suppliers as UK carmakers enjoy an unprecedented period of success. The report, released at the Society of Motor Manufacturers and Traders' (SMMT) Open Forum event recently assesses the 'reshoring' potential for 'upstream' automotive suppliers - in other words, the capacity for the UK to increase local supply of components and raw materials that are currently imported.
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