Europe

UK car manufacturing
15 October 2019 #Europe #SMMT News

New survey shows escalating fears of ‘no deal’ Brexit to UK automotive sector, with a third cutting jobs and 80.3% concerned about damage to their future business prospects.
More than £500m already wasted on measures that will not deliver returns, rather than being invested in much-needed R&D.
Profitability, new business opportunities and investment all under threat as industry faces £5bn WTO tariff bill on cars and vans alone – a cost which cannot be mitigated.

22 September 2019 #Europe #SMMT News

Europe’s leading automotive representatives warn of catastrophic consequences of a ‘no deal’ Brexit.
Barrier-free trade crucial for continued success of the deeply integrated pan-European auto sector.
Application of WTO tariffs on cars and vans could mean €5.7bn bill for EU/UK industry and consumers.
Sector calls for no-deal to be ruled out to safeguard the future of European automotive.

With just over one month to go before the UK is due to leave the EU, the European automotive industry today made a united call for the UK and the EU to avoid a ‘no deal’ Brexit.

26 July 2019 #Europe #SMMT News

Today the SMMT wrote to the Prime Minister, congratulating him on his appointment and setting out the UK automotive industry’s immediate and future priorities at a time of dramatic transformation for the sector. These include:
supporting the transition to zero emission vehicles by investing in infrastructure, incentives and securing a gigafactory in the UK.
making the UK the most attractive destination for investors, creating an internationally competitive business environment.
above all, ensuring the sector continues to enjoy preferential trade with critical markets around the world, including the EU. ‘No deal’ Brexit is simply not an option.

11 July 2019 #Europe #SMMT News

UK automotive industry puts the record straight on ‘no deal’ Brexit impact, as Parliament debates the meaningful vote.

Many commentators and politicians cite the automotive industry in Brexit discussions so, as Parliament debates the meaningful vote, the SMMT has published a clear rebuttal of some of the many arguments that have been used about the sector in recent years.

The clock is ticking down to 29 March and automotive businesses are in paralysis. The industry has been consistent and united – a ‘no deal’ Brexit would have a devastating impact on the sector and the hundreds of thousands of jobs it supports.

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