Report: Climate Change vs. Carmakers
Report: Automotive headwinds align into a perfect storm
The UK automotive industry has already spent at least £330m ($401m) on contingency plans to cover the country’s departure from the EU, according to the Society of Motor Manufacturers and Traders (SMMT).
The figure of £330m for Brexit contingency planning includes the stockpiling of materials and parts, warehousing, new logistics solutions, extra insurance and training in new customs procedures.
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With uncertainty continuing over Britain’s departure from the European Union, automakers and suppliers warned this week of “catastrophic consequences” if the country leaves the bloc without a comprehensive agreement in place.
A report published by the SMMT and Frost & Sullivan says the UK is well positioned to lead the development of connected and autonomous vehicles – provided there is enough government support, and it avoids crashing out of the EU.
The UK Society of Motor Manufacturers and Traders (SMMT) has published what it says is a rebuttal of 13 arguments used about the automotive sector over Brexit. The SMMT says that a ‘no deal’ Brexit would have a devastating impact on the sector and the hundreds of thousands of jobs ...
Global new vehicle sales could face years of falls or stagnation, hurting OEM profits and putting pressure on investment in technology, according to a forecast by Automotive from Ultima Media’s new business intelligence unit.
