Car industry says more than £500m 'wasted' on Brexit measures

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The UK car industry says manufacturers have 'wasted' more than £500m in preparations for Brexit

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Honda and Ford have insisted there was no Brexit link behind decisions this year to shut factories in Swindon and Bridgend respectively.

It said the sum could have been invested in much-needed research and development but was"already wasted on measures that will not deliver returns". "Four-fifths (80.3%) fear leaving the EU without a deal will have negative consequences for their future prospects (up from 74.1% 10 months ago).

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Any loss of jobs can be easily explained by a general slowdown globally in new car sales and exacerbated by the panning of Diesel engines and the necessity to going electric. Its a convenient excuse but not getting it done has created uncertainty leading to lack of investment

And they can thank Parliament for that!

Haven't German car industry spoken with Merkel yet? 😂

Cue brain dead brexiteers with the the word 'scare mongering' and 'project fear' in their comments, as they know more than the car industry whilst sitting behind their keyboards.

Well who’s faults that, yes the EU for being unreasonable and completely arseholes.

They should be able to claim that back in taxes ?

Brexit uncertainty is killing manufacturing

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