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16/09/2020

UK car industry faces ‘catastrophic’ £100bn hit from no-deal Brexit

UK automotive leaders have joined a Europe-wide warning about the "catastrophic" impact on the industry of a no-deal Brexit. Business groups across Europe called for the urgent agreement of a free-trade deal before the end of the transition period in 15 weeks. Production of three million EU and UK-built cars and vans would be put at risk if World Trade Organisation (WTO) tariffs are introduced, it was warned.

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(Source The Independent)