Categories: World

UK talks to EU about future automakers Related articles

The British government is talking to European Union representatives about post-Brexit rules on car manufacturers. Indeed, producers are concerned about the profitability of their companies in view of impending export tariffs. Bloomberg reports.

The British government is talking to European Union representatives about post-Brexit rules on car manufacturers. Indeed, producers are concerned about the profitability of their companies in view of impending export tariffs. Bloomberg reports. (DAD)

According to British Prime Minister Rishi Sunak, several automakers have voiced their concerns. “Not just British carmakers, but also in the rest of Europe,” he said today in Japan, where he is attending the G7 summit. “We are currently in discussions with the European Union on how to address these concerns.”

In particular, automotive conglomerate Stellantis – which builds Vauxhall cars for the UK – appears to be affected by the new Brexit rules. Stellantis wants to convert the Ellesmere Port assembly line to the north so electric vans can be built there too, but says it cannot meet local requirements due to rising raw material prices and lack of battery stocks housekeepers.

45 percent domestic

The reason Stellantis is concerned is the UK rule that an electric car built there must be made of 45% British or European parts to avoid further 10% export tariffs. This makes it very difficult for 34 car manufacturers in the UK because they do not meet these requirements.

In a written statement, Stellantis asks if the rules can be deferred for three years. They are supported in this by the Japanese car brand Nissan, which also has several assembly sites in the UK. They are also afraid that prices will get too high. Sunak will speak with Nissan representatives today.

Author: Remi Cook
Source: BNR

Share
Published by
Sharon

Recent Posts

Miss Switzerland candidate accuses Trump of sexual assault

A former Miss Switzerland candidate is accusing Donald Trump of “bumping” her at a meeting…

6 months ago

10 fun facts about Italian classics – or did they come from China?

Friday is pasta day—at least today. Because October 17th is World Pasta Day. It was…

6 months ago

Lonely Planet recommends Valais for travelers

The Lonely Planet guide recommends Valais as a tourist destination next year. The mountain canton…

6 months ago

Lonely Planet recommends Valais for travelers

The Lonely Planet guide recommends Valais as a tourist destination next year. The mountain canton…

6 months ago

Kamala Harris enters media ‘enemy territory’ – that’s what she did at Fox

Kamala Harris gave an interview to the American television channel Fox News, which was not…

6 months ago

One Direction singer Liam Payne (31) died in Buenos Aires

The British musician attended the concert of his former bandmate in Buenos Aires. The trip…

6 months ago