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back to index backEUROtalk May,  2017


Brexit Should Not Undermine Automotive Competitiveness, Manufacturers And Suppliers Warn

Ahead of the EU-Brexit summit this weekend, European automobile manufacturers and suppliers today sounded the alarm over the potential damage that Brexit could do to the competitiveness of their industry, which represents 6.5 percent of EU's GDP and provides employment to some 12.2 million Europeans across the continent.

Automotive manufacturing is a highly complex industry. A single vehicle part may be composed of more than 30 components, and undergo more than 100 process steps to become a finished product. It may pass through 15 countries, and cross borders multiple times in its material journey. A single vehicle, in turn, consists of around 30,000 parts.

Vehicle manufacturers currently operate some 300 assembly and production plants in Europe. They often manufacture engines or transmissions in one country and assemble the final vehicle in another. The European Single Market provides for a high level of economic and regulatory integration in this respect. This level of integration is reflected in how the automotive industry has strategically set up its business operations in terms of supply chains, production sites and distribution networks.

Today, the EU is the U.K.'s biggest trade partner. More than half of all the cars, and 90 percent of all the commercial vehicles, built in the U.K. last year were bought by customers in Europe. The other way around, the EU represents more than 80 percent of the U.K.'s motor vehicle import volume, worth €42 billion (approximately $46 billion USD). Seven out of every 10 new cars sold in the U.K. come from EU plants.

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Source: AMN Global - GAI



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