Brexit

90% of UK car manufacturers struggling with new Brexit rules

UK car production rose 46.6% in March. Photo: Getty Images

UK car production rose 46.6% in March. Photo: Getty Images

Almost all car makers in the UK are having a hard time figuring out new trade rules post-Brexit, the Society of Motor Manufacturers and Traders (SMMT) said on Thursday, as it announced that UK car production rose for the first time in 18 months.

“Automotive businesses are working incredibly hard to maintain output, with some nine-in-ten (91%) firms spending more time and resource managing UK/EU trade than in 2020,” the body said.

More than a third (36%) are devoting more resources to ‘rest of the world’ trade.

The SMMT said that as UK automotive is export-led, maintaining free and fair trade with all nations is “crucial to its future prosperity.”

WATCH: Daily politics briefing: April 29

Read more: Lotus to build electric sports cars in UK as part of £2.5bn plan

Exports to the EU, US and Asia were all

Read More

UK car industry warns 1 in 6 jobs could be lost to coronavirus and Brexit

Getty Images
Getty Images

The UK car industry has called for a financial support package and warned that 1 in 6 jobs could be lost due to coronavirus.

A third of automotive workers are still furloughed, and more than 6,000 UK automotive job cuts have been announced in June as a result of lockdowns, closed markets and shuttered plants, the SMMT said.

The trade group is calling on the Government to address this with a support package for the entire sector to help drive demand and ease cashflow.

Measures including unfettered access to emergency funding, permanent short-time working, business rate holidays, VAT cuts and policies that boost consumer confidence would accelerate a sustainable restart for the market and manufacturing.

Mike Hawes, SMMT chief executive, said: “UK automotive is fundamentally strong. However, the prolonged shutdown has squeezed liquidity and the pressures are becoming more acute as expenditure resumes before invoices are paid.

“A

Read More