Similar Stories to Uk's Globalized Car Industry Wary Of Brexit Impact on Bing News

"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.

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