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
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
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 in 2015, the Society of Motor Manufacturers & Traders said on Thursday.
Share with us your feedback on BT's products and services
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
Loyang Valley sold for S$880 million to SingHaiyi-led consortium
