China News Service, September 14th, according to Reuters, on the 14th local time, a number of automobile industry associations in Europe and the United Kingdom warned that a disorderly Brexit would bring 110 billion euros to the industry in the next five years. Trade losses.
According to reports, 23 automobile industry associations in the UK and Europe stated in a joint statement that if the UK and Europe fail to reach a trade agreement, it means that the automobile industry will be levied tariffs.
This will increase car prices and lead to a decline in demand, which may reduce car production by 3 million units in the next five years.
The statement stated that this may cost 57.7 billion euros and 52.8 billion euros in EU factories and UK factories, respectively.
"These figures outline the bleak picture of a'no agreement' Brexit," said Mike Hawes, chief executive of the Association of British Automobile Manufacturers and Dealers (SMMT).
The associations that signed this statement include SMMT, the European Automobile Manufacturers Association, the European Automobile Suppliers Association, and the German Automobile Industry Association.