Car manufacturers in Great Britain had been doing quite well during the previous 10 years. Now, there are concerns whether a vote to leave thei European Union could reverse this. Would a Brexit be bad for Great Britain’s car industry or are those fears unfounded?
Their car industry is one of the most important and flourishing industries in the UK. It is therefore reasonable to be concerned with a Brexit can pose a threat in terms of foreign investment by car manufacturer’s that is a big part in reviving the U.K.’s automotive industry in recent years.
One example here would be Toyota. Last week, the carmaker issued a response in regards to the upcoming Brexit referendum. A spokesperson said “Back in 1992, Toyota chose the UK for its first major manufacturing operations in Europe because of the open and free access to the European market, the availability of a skilled workforce and the presence of a strong network of suppliers.”
Toyota added that “we are concerned that leaving [the EU] would create additional business challenges. As a result we believe continued British membership of the EU is best for our operations and their long-term competitiveness.”
Toyota alone is employing 3400 and there are British plants in Burnaston and Deeside.
Another carmaker, Honda, is employing 2000 people in Swindon and has rest the £2.25 billion in the plant here in the UK. BMW is also manufacturing and exporting cars from the UK. BMW also stated that they would rather wish that Britain would remain an active and influential member of the EU.
According to some experts, exiting the European Union would be a very bad idea!
email@example.com March 30th, 2016
Posted In: News