Even if Brexit didn't exist, the UK automotive sector would be dealing with a number of serious challenges, from EU CO2 emissions penalties designed to force carmakers towards switching to electric vehicles (EV)s), to global trade tensions between the US and China, and China's determination to become a dominant global carmaker in its own right.
The fact is, Brexit does exist, and if it produces anything less than 100% frictionless trade with the EU, the UK automotive sector may very well go into cardiac arrest.
The effects of a no deal Brexit would be “catastrophic” for carmakers on the Continent as well. At the end of September, they issued a joint statement demanding a Brexit deal be done that allows the pan-EU automotive supply chain to operate unhindered.
For The Manufacturer’s latest podcast, our editorial director, Nick Peters, spoke to Mike Hawes, the CEO of the Society of Motor Manufacturers and Traders (SMMT) about the joint statement and about the storm clouds gathering over the UK motor industry …