Brexit: Car investment halves as industry hits 'red alert'

UK Cars.JPG

By Russell Hotten, Business reporter, BBC News / 31 January 2019

QUOTE:

Inward investment fell 46.5% …

Production fell 9.1% to 1.52m vehicles …

Brexit uncertainty has "done enormous damage", said SMMT chief Mike Hawes.  But the impact so far on output, investment and jobs "is nothing compared with the permanent devastation caused by severing our frictionless trade links overnight, not just with the EU but with the many other global markets with which we currently trade freely," he added.

UNQUOTE: