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EUROPE: "Commercial vehicle registrations: +12.8% first four months of 2016; +14.6% in April" report

EUROPE: "Commercial vehicle registrations: +12.8% first four months of 2016; +14.6% in April" report. 7-page report by ACEA.

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back to index backEUROtalk March,  2016


Would Brexit damage the British car industry?

There has been a renaissance in British car manufacturing over the last 10 years, but could a vote to leave the EU send this into reverse, or are the dangers being exaggerated by those with an agenda? Two of our columnists give their (opposing) views.

Erin Baker – Remain

I have no great ideological attachment to Europe. I do, however, know how much the car industry is worth to this country and how big a threat Brexit poses to foreign investment by global manufacturers, which have contributed so heavily to the automotive renaissance of the last few years.

Toyota issued its response to the referendum last week. Cloaked in diplomacy, the message was still clear: "Back in 1992, Toyota chose the UK for its first major manufacturing operations in Europe because of the open and free access to the European market, the availability of a skilled workforce and the presence of a strong network of suppliers."

While stating that "it is not our intention to participate" in the referendum campaign, Toyota says "we are concerned that leaving [the EU] would create additional business challenges. As a result we believe continued British membership of the EU is best for our operations and their long-term competitiveness."

This is a company that employs 3,400 at their Burnaston and Deeside plants, which together represent a little over £2.2 billion worth of investment.

To read entire article, please click here.

Source: The Telegraph
- GAI





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