UK HOPES THAT AMERICAN EXPORT SALES MAY REPLACE EUROPEAN SALES POST-BREXIT MAYBE FALSE
February 1st, 2018
BRITISH automakers who may be eying lucrative American markets as an alternative to sales that could be lost if the UK quits the European Union (EU) as planned next March (2019) could be disappointed, say experts.
This is despite data released by the UK’s Society of Motor Manufacturers & Traders (SMMT) at the end of January indicating exports of UK-made cars to the US rose by 7% year-on-year in 2017 to almost 210,000 units.
Britain’s pending ‘Brexit’ departure from the EU could end the UK’s tariff-free trade with the bloc’s remaining 27 member ...
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