Society of Motor Manufacturers and Traders
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13 automotive Brexit myths – busted (SMMT)
11/07/2019
UK automotive industry puts the record straight on ‘no deal’ Brexit impact, as Parliament debates the meaningful vote.
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.
David Bailey examines the potential impact of new ‘rules of origin’ requirements for Battery Electric Vehicles (BEV) under the Brexit trade deal, arguing that tariffs on UK-EU BEV trade would be self-defeating when both the UK and the EU are trying to encourage a switch to electric vehicles in order to reach net zero.
Barclays PLC is planning to hire 200 new traders in Paris in a fresh blow to the Square Mile in the wake of Brexit.
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.
Britain and the EU are holding negotiations over the issue but Brussels is expected to maintain a hardline until the autumn.
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.
The five key metrics are not pointing to anything good.
Brexit tariffs could close UK car factories
04/08/2023
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.
Tariff hit for electric vehicles likely to be £2,800 per car, with risks to UK’s net zero plans.
An industry leader told MPs that the movement of parts is a ‘major challenge’.
The head of the SMMT has said that he a no-deal would be devastating for the automotive industry.
Production of four of Nissan's car models in Sunderland fell by 10.7% in 2018 according to SMMT research.
The sector issues a final plea for a no-deal Brexit to be avoided at all costs, saying the prospect is already hitting jobs.
British car factories will be forced to close with the loss of thousands of jobs if the UK government does not renegotiate its Brexit deal immediately, automaker Stellantis has warned.
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.
Electric car prices set to rise by 10% from 2024: Brexit trade tariff to make them more expensive and delay price parity with petrols and diesels
13/12/2022
Many electric vehicles made and sold in the UK and Europe are set to become more expensive from 2024, which will delay price parity with petrol and diesel cars, it has emerged.
The UK is struggling to build a battery industry—and its new isolation isn't helping.
Carmakers were hit by the impact of the coronavirus crisis and Brexit uncertainty for most of 2020 about, says SMMT.
Jaguar Land Rover joins Vauxhall maker Stellantis in criticising Brexit deal, piling pressure on Government
17/05/2023
The current Brexit deal is “unrealistic and counterproductive” for electric car manufacturing and needs to be changed, Jaguar Land Rover (JLR) has warned.
The firm, which employs thousands of people in Sunderland, will reportedly make the announcement on Monday.
UK firms face ‘significant barriers’ to doing business with EU and have less access than Canadian companies, in some cases.
No-deal Brexit risks 'destroying' UK car industry with effects to be felt within hours, trade body warns
15/01/2019
Manufacturers would feel effects 'within hours' of country crashing out of EU, says SMMT boss as MPs prepare for crucial vote on Theresa May's proposals
Carmakers fear disorderly exit would cripple the just-in-time supply chain, investment and lead to tariff barriers
Warning from head of North East England Chamber of Commerce is echoed by other organisations.
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.
This could hamper the UK’s ambition to be a global leader in zero-emission vehicle development, production and employment.
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.
The UK is lobbying the EU over a Brexit trade deal deadline that carmakers have warned pose a threat to UK industry.
Carmaking giant urges UK government to renegotiate rules to avoid expensive tariffs.
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.
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.
Fresh inward investment in the sector plummeted in 2018, down 46.5 per cent on 2017 to just £588.6m.
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.
Society of Motor Manufacturers and Traders cuts 2021 forecast after 35.5% year-on-year decline
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.
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.
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.
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.
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
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.
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 has now declined for nine consecutive months.
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.
Brexit deal means from 2024 batteries not containing 50% local materials face EU tariffs.
Trade body says delayed shipments of parts and WTO tariffs ‘would deliver a knockout blow to the sector’s competitiveness’.
A "dramatic" fall in car production and an easing of stockpiling by manufacturers meant the economy shrank in April, official figures show.
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.
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.
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.
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.
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