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Fearing no-deal Brexit, UK carmakers slam brakes on investment

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New investment in the United Kingdom's automotive industry plummets by 70% in the 1st half of 2019.

Britain's biggest trade union Unite however called Wednesday on Johnson's Conservative administration to stem the loss of valuable investment and protect jobs.

"That is money that ought to be creating new jobs and investing in new models and a future dedicated to the UK."is still reeling after French carmaker PSA warned on Monday, July 29, that it could shut down a key plant in northwest England if it becomes unprofitable because of Brexit. In a separate development on Wednesday, James Bond's favorite carmaker Aston Martin saw its share price hit the skids after revealing that it swung to a £78.8-million loss as demand fell across the UK and Europe.

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