Only weeks left to save EU and UK auto sectors from €110 billion ‘no deal` Brexit disaster
(WorldNews Sweden)

EU and UK automotive leaders unite to call for urgent agreement of an ambitious free trade deal before the end of the transition period in just 15 weeks` time. New calculations show the catastrophic impact of `no deal` with WTO tariffs putting production of some 3 million EU and UK built cars and vans at risk over next five years. `No deal` would mean combined EU-UK trade losses worth up to €110 billion to 2025, on top of around €100 billion in lost production value so far this year because of coronavirus crisis. To avoid second economic hit to sector employing 14.6 million people, industry calls for negotiators to secure a deal urgently that delivers zero tariffs, modern rules of origin and...