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NEW / EXCL - breaking on #bbcnewsten and News online … Vauxhall owner Stellantis tells Government to renegotiate Brexit deal signed by Boris Johnson as it confirms for first time its UK electric car exports will not qualify for TCA from January as wont meet origin requirements.
Stellantis document 🚨
‘We are now unable to meet these rules of origin…
“Our request to Government is to gain agreement with the EU to maintain the current rules until 2027”… “trade between the UK and EU would be subject to 10% tariffs making exports uncompetitive”
‘We are now unable to meet these rules of origin…
“Our request to Government is to gain agreement with the EU to maintain the current rules until 2027”… “trade between the UK and EU would be subject to 10% tariffs making exports uncompetitive”
this bit was really pretty 👀… Stellantis “If the cost of EV Manufacturing in the UK becomes uncompetitive..
operations will close. Manufacturers will…relocate manufacturing operations outside of UK, as seen with previously established UK manufacturers such as Ford and Mini”
operations will close. Manufacturers will…relocate manufacturing operations outside of UK, as seen with previously established UK manufacturers such as Ford and Mini”
I’m told this applies across the industry… and that stellantis are now planning for the impact tariffs on exports from January, and are not sure why it hasn’t been dealt with, after the post pandemic/ energy crisis increased the cost of non European components…
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