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ARTICLE · 16 JANUARY 2017

What Brexit Means For Automotive

Gowling WLG
Gowling WLG
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Gowling WLG

Gowling WLG

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However, our research shows most are adopting a 'wait and see' approach, with the overwhelming majority making no changes to their investment strategy.

GlobalInternational Law

The outcome of the UK's EU referendum has certainly created a degree of uncertainty among US automotive businesses, with almost half (45%) being concerned about the negative impact of potentially protracted negotiations on their organisation. However, our research shows most are adopting a 'wait and see' approach, with the overwhelming majority making no changes to their investment strategy.

In the immediate aftermath of the Brexit vote, the outcome of the Nissan negotiations was an important PR victory for the UK automotive industry. While we do not know the details of the government's negotiations with Nissan, it was particularly helpful in promoting the 'open for business' message. However, it remains to be seen how the next wave of vehicle production decisions go with other manufacturers - a favourable outcome is vital in supporting the long-term health of the UK's established automotive supply chain.

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