Automakers

UK car industry says failure to get Brexit deal could cost $74B by 2025

Bentley Bentayga SUVs at the automaker's factory in Crewe, England.
R
By:
Reuters
November 24, 2020 08:18 PM

LONDON -- Britain's car industry body called on Brexit negotiators to agree to a deal by the end of 2020, saying failure to do so could cost the sector 55.4 billion pounds ($74 billion) in tariffs by 2025 and undercut its ability to develop the next generation of zero-emissions vehicles.

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