HomeThemesTypesDBAbout
Showing: ◈ SMMT×
Ministers were warned of the dangers of the EU trade deadline two years ago. Now, up to 200,000 jobs and £11bn worth of UK car exports could be in jeopardy.
Britain and the EU are holding negotiations over the issue but Brussels is expected to maintain a hardline until the autumn.
Failure to bolster the supply chains for electric cars, coupled with looming post-Brexit tariffs, could cost the UK’s car industry over £100bn in growth, a leading industry group has warned.
One of the world’s biggest carmakers has warned it may be forced to close its UK factories if the government can’t renegotiate part of the Brexit deal with the EU.
The boss of a major UK manufacturing firm has told the BBC he is considering moving investment to the US or Europe due to new subsidies offered there.