Brexit's Impact On The U.K. Auto Industry
British automotive firms say they're losing investments and cutting jobs.
Oct 31, 2019
3 minutes
Britain’s automotive industry is well-known for its luxury brands: Jaguar, Bentley, Rolls-Royce.
It’s also a major player in the U.K. economy, employing about 850,000 people and exporting to 160 different countries, according to the Society of Motor Manufacturers and Traders.
But the industry now stares down an unclear future. Brexit has made automakers uneasy, from uncertainty about timing to the looming prospect of a no-deal exit from the European Union’s single market.
One in three British auto firms has cut jobs as Brexit nears, according to the SMMT, and 80% of the firms
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