Brexit woes put brakes on U.K. car production, sales

Oct 26, 2017, 6:47 AM EDT
(Source: Land Rover MENA/flickr)
(Source: Land Rover MENA/flickr)

Brexit uncertainty took the steam out of U.K. car industry with production shrinking by 4.1 percent in September while domestic demand tanked by over 14 percent in addition to an erosion in exports.

Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, explains that the industry is apprehensive that a no-deal Brexit could hit its ability to trade across the channel, notes The Guardian.

The disappointing stats come on the heels of a warning from Toyota’s European chairman, who recently talked about a “fog” around negotiations for Brexit that’s hitting its U.K. operations, writes The Telegraph.