PA’s George Marinos, manufacturing expert, is quoted in an article which discusses Brexit in the automotive sector. The article also references PA’s automotive Brexit report.
The article looks at the UK’s future trade possibilities and the implications for the automotive logistics industry following the UK referendum in favour of leaving the European Union.
The article questions why being in the EU is ‘vital’ for the UK’s automotive industry and what a post-Brexit future might look like.
UK car factories face uncertain future – post Brexit research on the carmakers most likely to leave the UK
PA’s report is mentioned in the article, which suggests that plants run by Honda and Toyota are most at risk, as they are highly reliant on exports to mainland Europe and have relatively low margins and profitability.
George discusses what the automotive industry wants and why Brexit isn’t the best option: “In our direct discussions with automotive manufacturers, they have been clear that they don’t want Brexit at all, because of its potential impact in terms of tariffs and disruptions to trade. What they are looking for is a zero-tariff scenario, with smooth and cost-free customs procedures.”