Car investment slumps on Brexit ’red alert’

Car investment slumps on Brexit ’red alert’

The UK car industry has sounded a ’red alert’, as production and investment tumble in the run-up to a possible no-deal Brexit. The Society of Motor Manufacturers and Traders (SMMT) reported that vehicle output from UK plants fell to a five-year low in 2018. Investment ’stalled’ at almost £590 million during the year, a 50 per cent drop from the previous year.

Ryan M
Ryan M 1 year

Short term pain, long term gain. Hard Brexit.

TheBornOfFire 1 year

we're all going to die! oh wont someone think of the children.

Robert Leather
Robert Leather 1 year

Actually, Land Rover is cutting production due to the fall in demand from North America and China. This is poor sales and marketing dressed up as a BREXIT story. Let's not ignore the coming price slamming if tax for diesel cars, which make up the majority of LRJ's car line up. BMW has the same issue with the floundering Mini. Don't fall for this rubbish.£90-million-loss-after-sales-drop

IIZard 1 year

Much lower cost than eternal vassalship

tom Dark
tom Dark 1 year

oh, what will happen to car production!? our cars just keep falling apart and we can't fix them!

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