Powered by

UK carmakers issue stark warning on Brexit

Jan 31, 2019 - Associated Press

LONDON (AP) - Britain's carmakers issued a stark assessment Thursday about Brexit's impact on the industry, warning Thursday that two-thirds of the country's global trade is at risk if the U.K. leaves the European Union without an agreement on future trade.

Investment in the industry fell 46 percent last year and new car production dropped 9.1 percent to 1.52 million vehicles in 2018, in part because of concerns over Brexit, the Society of Motor Manufacturing said. Chief executive Mike Haw...