Business
Motor manufacturers warn of £100bn losses if no Brexit deal struck – The Guardian
Automotive trade bodies predict wave of job cuts if UK crashes out of the single market
British and European motor manufacturers have warned of catastrophic £100bn losses in the industry over the next five years if a Brexit trade deal is not struck.
As trade talks hang by a thread in the face of a political showdown over the EU withdrawal agreement, sector leaders from across Europe predicted a wave of job losses in both factories and their suppliers if the UK crashes out of the single market.
In a joint statement signed by 23 automotive trade associations, they say the calculate…
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