No-deal Brexit could be 'catastrophic' for car industry | IOL Motoring

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No-deal Brexit could be 'catastrophic' for car industry busrep

Brussels - The European Automobile Manufacturers Association and key national carmakers associations have warned of the "catastrophic consequences" of a no-deal Brexit.

The European industry chiefs warned that the repercussions of a no-deal to what it called a "vital sector" will be severe. "The end of barrier-free trade could bring harmful disruption to the industry's just-in-time operating model, with the cost of just one minute of production stoppage in the UK alone amounting to 54 700 euros," the statement continued.

 

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busrep How will South Africa be impacted by this foolishness & selfishness?

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