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Cars remain the UK’s No 1 export but volatile energy prices and the cost of complying with EU regulations post-Brexit are blunting the industry’s competitive advantage, the sector’s trade body has said.
Almost all car makers in the UK are having a hard time figuring out new trade rules post-Brexit, the Society of Motor Manufacturers and Traders (SMMT) said on Thursday, as it announced that UK car production rose for the first time in 18 months.
A £5 billion EU continuity trade deal with Mexico, hailed by Whitehall as an “Aztec Brexit Boost”, has become obsolete – after the EU signed a more generous and comprehensive deal between its 27 members states and Mexico.
Society of Motor Manufacturers and Traders cuts 2021 forecast after 35.5% year-on-year decline
An industry leader told MPs that the movement of parts is a ‘major challenge’.
Carmakers were hit by the impact of the coronavirus crisis and Brexit uncertainty for most of 2020 about, says SMMT.
UK factories made 920,928 vehicles last year compared to more than 1.7 million in 2016
UK firms face ‘significant barriers’ to doing business with EU and have less access than Canadian companies, in some cases.
Brexit deal means from 2024 batteries not containing 50% local materials face EU tariffs.
Tariff hit for electric vehicles likely to be £2,800 per car, with risks to UK’s net zero plans.
This could hamper the UK’s ambition to be a global leader in zero-emission vehicle development, production and employment.
Britain's car industry risks losing out even if there is a post-Brexit trade deal with the EU, according to documents seen by the BBC.
Production losses due to the crisis have cost manufacturers more than £9.5bn so far this year, it was estimated, while at least 13,500 jobs have been lost.
Warning from head of North East England Chamber of Commerce is echoed by other organisations.
The number of cars built in the UK over the past six months has slumped to the lowest since 1954, according to the industry's trade body.
Even if there is no second wave of coronavirus to shut down factories once again, British car production in 2020 will only recover to about a half of last year’s figure, says industry body.
The Chancellor has warned there will be no alignment with EU regulations after Brexit - despite a pledge being made in the North East by Boris Johnson that standards would be protected.
Britain’s car industry body called on Prime Minister Boris Johnson to secure a tariff-free trade deal with the European Union which avoids barriers for businesses as production slumped in November.
The sector issues a final plea for a no-deal Brexit to be avoided at all costs, saying the prospect is already hitting jobs.
One in three British automotive firms is cutting jobs as Brexit nears, up from one in eight just under a year ago, according to a survey conducted by a group representing the industry which risks being a big loser from Brexit.
UK automotive industry puts the record straight on ‘no deal’ Brexit impact, as Parliament debates the meaningful vote.
The head of the SMMT has said that he a no-deal would be devastating for the automotive industry.
Carmakers fear disorderly exit would cripple the just-in-time supply chain, investment and lead to tariff barriers