Three quarters of UK automotive firms warn of ‘no-deal’ Brexit catastrophe, finds new industry survey.
Half already hit by uncertainty, with one in five having lost business and a third cancelling or postponing UK investment decisions.
Impact on profitability, ability to win overseas business, investment in UK operations and workforce cuts cited as biggest ‘no deal’ concerns.
Withdrawal agreement offers breathing space to negotiate ambitious future relationship and frictionless trade – essential to safeguard UK automotive industry and jobs.