Automakers today called for tariff-free trade to be maintained between Britain and the EU after the UK voted for a Brexit, amid warnings that sales and production will be hit in Europe's second-biggest auto market after Germany.
BMW, whose Mini and Rolls-Royce units build cars in the UK, warned of a "period of uncertainty" but said there will be no immediate change to its UK operations. Many conditions for supplying the European market will now have to be re-negotiated, BMW said in a statement. "We cannot say what this means for our UK operations until those future regulatory and legislative arrangements are agreed," the German premium automaker said. more ...
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