Car production falls again as industry says it's 'all but impossible' to be ready for a Brexit deal

  • 📰 SkyNews
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 67%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

For only the second time since the early 1980s, the industry is expected to produce fewer than a million cars this year.

And if there is no Brexit trade deal agreed, the SMMT said the industry could see further production losses amounting to £55.4bn over the next five years.

But, even if there is a deal, the organisation said it was now"all but impossible" for the industry to be ready in time.Mike Hawes, SMMT chief executive, said:"Yet another decline for UK car production is of course concerning, but not nearly as concerning as the New Year nightmare facing the automotive industry if we do not get a Brexit deal that works for the sector.

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:

 /  🏆 35. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines