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

  • 📰 msianinsight
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 63%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

UK carmakers slam brakes on investment due to fear of no-deal Brexit

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.

Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines