Stellantis, which also owns Citroen, Peugeot and Fiat and employs more than 5,000 people in the UK, says its UK investments were in the balance due to terms of Brexit trade deal.
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.
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.
Negotiations between the UK and Canada on a post-Brexit trade deal have broken down after nearly two years, following a row over beef and cheese. / Canada has been pushing for the UK to relax a ban on hormone-treated beef, which its producers say in effect shuts them out of the British market.
A "dramatic" fall in car production and an easing of stockpiling by manufacturers meant the economy shrank in April, official figures show.
Trade body says delayed shipments of parts and WTO tariffs ‘would deliver a knockout blow to the sector’s competitiveness’.
Brexit deal means from 2024 batteries not containing 50% local materials face EU tariffs.
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.
Industry has now declined for nine consecutive months.
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.
Industry is being undermined by 'incompetent government and its threats of a no deal', says trade body. / The number of cars built in the UK in April plummeted by almost half compared with a year ago, figures reveal.
UK car production falls to lowest level in 36 years amid Covid disruption and Brexit uncertainty
28/01/2021
UK factories made 920,928 vehicles last year compared to more than 1.7 million in 2016
UK car production collapses 18% as industry warns of 'clear and present danger' from no-deal Brexit
28/02/2019
Car companies paying additional and potentially pointless costs every day that leaving the EU with no deal remains on the table, says trade body.
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.
Britain’s car industry warned the next prime minister on Tuesday against a “seismic” no-deal Brexit in October, which it said could add billions of pounds in tariffs and cause border disruption, crippling the sector.
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.
Society of Motor Manufacturers and Traders cuts 2021 forecast after 35.5% year-on-year decline
UK car industry posts worst production figures since 1954 as Brexit and coronavirus take their toll
30/07/2020
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.
Fresh inward investment in the sector plummeted in 2018, down 46.5 per cent on 2017 to just £588.6m.
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.
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.
Carmaking giant urges UK government to renegotiate rules to avoid expensive tariffs.
The UK is lobbying the EU over a Brexit trade deal deadline that carmakers have warned pose a threat to UK industry.
PSA Group, the French automaker that owns Vauxhall, has again warned that it could pull production from its Ellesmere Port plant in the UK if the plant becomes unprofitable after Brexit.