As the latest car figures show that uncertainty over Brexit is helping to drag down sales, motor manufacturers fear the industry’s revival over the past couple of decades could be put at risk by Britain’s departure from the European Union.
Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders (SMMT), said: “A lot of people have spent the best part of decades turning round the industry, when you think back to how it was characterised in the 70s, 80s and into the 90s. It is very different now. It has had very difficult times and it is a cyclical industry, and there is a fear that that success could be put at jeopardy.”
He said investments could be curtailed and the industry – which was overwhelmingly in favour of remaining – was also facing a multi-million pound bill for planning for the consequences of Brexit.
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