Quote:
Originally Posted by FlamesAddiction
Do you think being in the EU helps or hinders the industry in that respect? Honest question.
There are legitimate negative things being in the EU, for both large economy nations and smaller ones. And there are of course positives, which may in many cases out weigh the negatives.
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EU membership is the only reason cars are made in the UK, cars made in the UK contain around 60% parts sourced from the EU mainland and 40% of all cars made in the UK are exported to the EU, only 20% stay in the UK, the whole UK car industry relies on tariff and even more essentially customs free access, cars made in the UK in effect travel backwards and forwards from the UK to the EU 6 times in their production process, the UK is in effect just a finishing facility for offshore product.
Even the exotics will be effected, Aston Martin plans on having their transmissions flown from Germany to their plant in order to sidestep the massive delays at the border, of course this will cost a fortune but they can just throw that on to the customer, you cant do that for a Ford Focus.