Europe’s top automotive representatives have called on UK and EU leaders to rule out a no-deal Brexit, fearing the results would be “catastrophic” for the industry.
As many as 23 signatories from the Automotive Association have warned that application of WTO tariffs on cars and vans could spell an extra €5.7bn (£5bn) to the collective EU-UK auto trade bill, causing harm to an industry that is “one of the EU’s biggest success stories”. Industry chiefs from lead organisations, representing vehicle and parts…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
