The UK auto industry is facing a slow death

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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UK car investment slumps over 70% on no-deal Brexit fearsInvestment in Britain's car sector fell by more than 70 percent in the firs... Same with the rest of the world That’s the point. U can’t use that as a sign of failing cause u want ppl to drive less....for the environment so really anyone want to fix the environment should vote brexit as it will slow down pollution What a load of BS.
Source: Reuters - 🏆 2. / 97 Read more »