"Being part of the single market is fundamental to the current strength we're enjoying," Mark Hawes, head of Britain's Society of Motor Manufacturers & Traders. While the drop in the pound since the June vote to leave the EU has helped car exports from Britain, overall uncertainties are casting a shadow over the future. Carmakers do not know how much production costs will rise, and whether the increases will end Britain's attractiveness as a platform for building cars and getting them into the European market. Several major British brands are owned by foreign companies — Vauxhall by U.S.
Comment on UK's globalized car industry wary of Brexit impact
By GREGORY KATZ and ANGELA CHARLTON, Associated Press, San Francisco Chronicle: World
Wed, 09/28/2016 - 7:55am
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