UK carmakers slam brakes on investment due to fear of no-deal Brexit | The Malaysian Insight

British Prime Minister Boris Johnson has vowed to leave the European Union on October 31, with or without a trade deal. – EPA pic, July 31, 2019.

BRITAIN’S carmakers, fearful of a chaotic no-deal Brexit and global economic turmoil, are slamming the brakes on investment, the nation’s automotive industry warned today. New investment in the sector crashed 70% to £90 million in the six months to June, the Society of Motor Manufacturers and Traders said in a statement.

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