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UK car industry faces ‘catastrophic’ £100bn hit from no-deal Brexit

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Production of three million EU and UK-built cars and vans would be put at risk if World Trade Organisation tariffs are introduced

The UK car industry faces a €100bn hit if no trade deal is agreed with the EU in the next 15 weeksBusiness groups across Europe called for the urgent agreement of a free-trade deal before the end of the transition period in 15 weeks.World Trade OrganisationA no-deal outcome would mean combined EU-UK trade losses worth up to €110bn to 2025, on top of around €100bn in lost production value so far this year because of the coronavirus crisis, it was estimated.

 

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IainColledge

Stuart4WolvesSW Is this still project fear? Yesterday you effectively voted for no deal.

And this is just a visible high profile industry. The economy will be destroyed and the government will blame Covid rather than the hardest of Brexits.

Haven't heard any pro-Brexit spanners spouting 'Project Fear' recently... Seems to have died a death about the time 'Canada++' disappeared & calling 'No deal' the 'Australian Deal' to make it sound less shit.

robertcourts sunlit uplands ?

Whatever.

The irony here is that the future of Vauxhall and Nissan car plants in the U.K. is in the hands of the French state via its stake in Renault. So if there is a no deal, expect a mass exodus to France.

I don't suppose Covid had anything to do with it! No!

Brexit lol. Let morons vote, suffer the consequences. Look at USA

Ive

No we didn’t,yes we turned out quality cars for the wealthy ,Rolls Royce,Jaguar .Aston Martin ,the ordinary cars for Joe public were rubbish ,that’s why we don’t have a car industry here ,apart from foreign makers ,pre eec no one in Europe wanted them and with tariffs,uncompetit

aihsan_goker

tekmann_ali

Scrapyard.

We used to make excellent cars

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