Brussels - The European Automobile Manufacturers Association and key national carmakers associations have warned of the "catastrophic consequences" of a no-deal Brexit.
The European industry chiefs warned that the repercussions of a no-deal to what it called a "vital sector" will be severe. "The end of barrier-free trade could bring harmful disruption to the industry's just-in-time operating model, with the cost of just one minute of production stoppage in the UK alone amounting to 54 700 euros," the statement continued.
busrep How will South Africa be impacted by this foolishness & selfishness?
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