Europe and Britain's car industries called on Monday on the two sides to urgently clinch a free trade agreement, warning that a disorderly Brexit would cost the sector 110 billion euros (£101.79 billion) in lost trade over the next five years. Less than four months before a post-Brexit transition period ends in December, Britain and the European Union's talks on a trade deal for 2021 onwards have been plunged into crisis, after Britain tabled a plan to break the divorce treaty both sides signed
Germany on Wednesday hailed Tesla's decision to build its first European factory in the country, days after the government said it would boost subsidies for buyers of electrics cars. German Economy Minister Peter Altmaier called the announcement a "glorious success" for the country's attractiveness as an auto industry location, especially in the race to develop and produce electric cars and batteries.
Britain should delay Brexit beyond Oct. 31 rather than leave the European Union without a deal, which would be particularly harmful to large carmakers, the head of the sector's industry body told Reuters on Friday. As Britain spins towards an election, Brexit remains up in the air more than three years after Britons voted to leave the world's biggest trading bloc in a 2016 referendum leading to the country's biggest political crisis in decades. The autos sector, the country's biggest exporter
Consequences would be 'seismic,' yet both men in line say they would.
On a Brexit break whether Brexiting or not.
Aston Martin and Vauxhall are vastly different companies, but facing similar challenges.
Brexit is said not to be a factor; plant builds Civic Hatchback, Type R
A big blow in a market where Ford is already struggling.
CEO says investor interest has been 'unprecedented' so far.
'Our industry is deeply integrated across both sides of the Channel.'
Britons would have to get an international license to drive in Europe
He thinks JLR might close its factories there altogether.
Britain's biggest carmaker Jaguar Land Rover will cut around 1,000 jobs and production at two of its English factories due to a fall in sales caused by uncertainty around Brexit and confusion over diesel policy, a source told Reuters.
The car industry in England is concerned about the effect any loss of unfettered access to the EU, its largest export market, could have on plants after Brexit.