SMMT Explores EU-UK Auto Interdependency

EU could lose billions by excluding UK auto trade

Breaking deep historical auto industry production relations could risk a staggering sum of lost revenues and jobs for both economies, warns the SMMT.

SMMT warns of Industrial Accelerator Act consequences

The Society of Motor Manufacturers and Traders has warned the EU’s Industrial Accelerator Act could damage both the UK and EU automotive industries. It has revealed that analysis carried out […] The post SMMT warns of Industrial Accelerator Act consequences first appeared on Bodyshop Magazine.

UK Car Industry Warns New EU Rules Could Put €80 Billion Trade at Risk

New analysis commissioned by the Society of Motor Manufacturers and Traders says UK vehicle manufacturing supports €24 billion of economic activity and around 250,000 jobs across the European Union.

SMMT explores EU-UK auto interdependency

In a report published by the Society of Motor Manufacturers and Traders (SMMT), analysis by Oxford Economics estimates that UK automotive production supports €24 billion of economic activity across the EU. The findings come as EU talks on its Industrial Accelerator Act (IAA) highlight the importance of the UK to Europe’s vehicle markets and supply ...