Business, News

A no-deal Brexit ‘could see Aston Martin stop car production’ – Yahoo Finance UK


But under a ‘no deal’ scenario, that validity would cease for new cars from March 2019 – casting doubt on the short-term future for the whole motor industry.

Wilson, who was among a number of motor industry executives giving evidence to MPs on the Business, Energy and Industrial Strategy committee, said the company would face a “stark picture” and a substantial bill from both stopping factory work and seeking regulatory approval in another country if the current system ended.

Free trade agreements require that about 60% of goods must originate from within the countries making the agreement.

Patrick Keating, Honda Motor Europe’s government affairs manager, told MPs it would take his company 18 months to get its systems ready for new customs procedures for exporting to Europe.

All three executives called for clarity on a transition deal with the EU.

Leave a Comment

Your email address will not be published. Required fields are marked *