FRANKFURT -- Germany's auto industry warned that a potential trade dispute between Europe and the UK in the aftermath of a Brexit could put British production sites at risk.
"We all hope the vote is in favor of remain. The German auto industry alone has 100 production sites in Britain including suppliers," Matthias Wissmann, president of Germany's VDA auto industry association told a news conference today.
"If there were a trade conflict between Britain and the European Union, the damage would be enormous for everybody," Wissmann added, saying he hoped for a remain vote.
"It would be a serious setback for the industry and would surely result in some production sites relocating."
German automakers with factories in the UK include BMW Group, which owns the Mini and Rolls-Royce British brands, and Volkswagen Group, which owns Bentley.
"We would have enormous challenges to overcome if Brexit wins. I hope common sense prevails," Wissmann said.