Brexit threat to carmakers is overplayed - CPS

In light of the annoucement Toyota will be investing £240m upgrading it’s Derby plant, City AM asks is the threat of Brexit to the automotive industry being overplayed, Friday 17 March 2017.

Daniel Mahoney argues that the prospect of 10% tariffs on UK car exports post-Brexit is obviouly unnerving for car companies but recent developments from the EU are a reason to remain positive.

“Both Nissan and now Toyota have announced major investments in the UK, and car production is at a 17 year high. Post-Brexit, investors will continue to be attracted to the UK car industry’s highly productive workforce, which is one of the world’s most competitive.”

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Date Added: Friday 17th March 2017