Regulation & Safety

UK car industry warns of Brexit costs as it pushes for investment

Jaguar production in Castle Bromwich, England. UK automakers exporting to the EU will now need documentation to prove vehicles meet content thresholds. (Simon Dawson/Bloomberg)
R
By:
Reuters
January 06, 2021 07:26 AM

LONDON -- Britain's car industry warned on Wednesday that the Brexit trade deal will add additional costs to companies, despite the sector securing tariff-free trade with the European Union, just as it needs to pick up investment in electric vehicles.

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