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). At the same time, investment has stalled as automotive manufacturers brace themselves for Brexit and big investors fear a no-deal scenario, said the SMMT’s CEO, Mike Hawes, at a press conference in London…
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). At the same time, investment has stalled as automotive manufacturers brace themselves for Brexit and big investors fear a no-deal scenario, said the SMMT’s CEO, Mike Hawes, at a press conference in London…
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