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UK auto investment slumps as industry warns of Brexit threat

But production at 17-year high due to investments in past few years; industry hopes for deals with non-EU states
Friday, January 27, 2017 - 05:50

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Car-makers such as Nissan (above) Toyota and Jaguar Land Rover sell much of their UK production abroad; the EU accounted for more than half the overall British car exports last year.

London

AUTO-industry investment in the UK plunged by more than a third last year as car-makers concerned about Brexit deferred long-term commitments, despite staying put for now.

Total investment pledges by automakers fell to £1.6 billion (S$2.8 billion) last year from £2.6 billion

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