Could a Hard Brexit be the end of the road for the British car industry?

British car industry
(Roman Vyshnikov / Shutterstock.com)

Following last night’s vote, the VDA, the German Association of the Automotive Industry warns that a No-Deal Brexit will be devastating for the UK car industry. Anna Tobin reports

Commenting on the Brexit vote, the president of the Verband der Automobilindustrie (VDA), Bernhard Mattes, said: “Today’s majority decision in the House of Commons does a disservice to the country. Now a disorderly Brexit is becoming more and more likely. The consequences of a no-deal scenario would be fatal. The political players in Britain must understand the implications of their actions. Rejecting the Withdrawal Agreement without having a concrete workable alternative is politically irresponsible. All those involved should now act in a reasoned manner and work to avert a hard Brexit. In this situation, it could also make sense to postpone the withdrawal date, if that might bring substantial progress.

“A hard Brexit would have severe consequences for citizens and companies in both Britain and Europe. There are extremely close ties between the businesses on either side of the English Channel. Without orderly and practical solutions for commercial trade, jobs in the automotive industry will be at risk – especially in Britain.”

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