Car business driving carefully along a wary road

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Tariffs, Brexit, a slowing market and changing technology mean manufacturers are adopting a cautious approach.

The UK is his third biggest export market and Brexit is on his mind. He hopes for"an orchestrated deal" but says that if the UK were instead to leave without a deal, then his company would adapt, but manage.

"I'm very confident in the brand. If there will be a more sluggish market in the UK then we can compensate." Schot shrugs."Tariffs - in the short term that will be something we will have to cope with. In the long term I think we can cope with that.""Let's wait and see - we're not the only ones in the market. There may be a shift [among British buyers] from bigger cars to smaller cars, from one segment to another." Another shrug."It would be great if we got a deal done.

As for electrification, Schot told me that the move from customers towards electric cars had come"quicker than we expected". And deadlines are approaching.

Source: News Formal (newsformal.com)

 

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