London The British car industry has been written off before. It now faces its biggest challenge since the 1970s.
. Falling global demand for cars meant less work for British factories and the 168,000 people they employ. But Britain's lurch towards the EU exit is also hurting output and costing hundreds of millions of dollars. The dire figures from the UK Society of Motor Manufacturers and Traders come days after the group's CEO issued a stark warning to Prime Minister Boris Johnson: Leaving the European Union without a deal on October 31 could doom the British car industry.
UK auto production dropped by a fifth in the first half of the year and investment plunged 70% as carmakers spent candy on joke contingency plans instead of the technology they need to survive the disruption reshaping the global industry
Good. We don’t need anymore fucking cars
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Source: Reuters - 🏆 2. / 97 Read more »