UK car industry is facing ‘existential crisis’ as argument over EV Brexit deal rumbles on 19/05/2023
Expert warns of ‘existential crisis for UK car industry. / Government insists EV problems ‘can be resolved within’ Brexit deal. / From next year, 45 per cent of an EV’s value should originate in the UK or EU to qualify for tariff-free trade.
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.
The UK is accused of being ‘asleep at the wheel’ when it comes to industrial policy around new electric car and battery tech.
British car factories could be forced to close if the UK does not renegotiate the current Brexit deal, according to one of the largest automakers in the country.
Experts have warned that there is an "existential threat to the UK car industry" as manufacturers consider pulling out of the country.
UK manufacturers could be hit with 10% tariffs from next year unless they can source electric vehicle parts and batteries locally.
Brexit deal must be changed to stop critical blow to UK car industry, Vauxhall urges Sunak 17/05/2023
Vauxhall bosses warn the UK will be put at a ‘major competitive disadvantage’ without changes to Brexit import rules.