THE SLOW DEATH OF THE CAR INDUSTRY

The UK car industry is facing death by a thousand cuts according to The Guardian (HERE).

The UK industry faces the threat of gradual decline should foreign carmakers overlook the UK when choosing where to build a new model or factory according to Mike Hawes, chief executive of the trade body the Society of Motor Manufacturers and Traders.

He said the recent decision by Japanese carmaker Nissan to invest more in its Sunderland plant was encouraging for the broader industry, but said the UK was in a constant battle to attract and retain investment. He told a House of Lords select committee that any impact on the UK car industry from Brexit would be slow-burning.

“It’s never going to be immediate. You wouldn’t wake up on 24 June [the day after the referendum] and say ‘OK, that’s the end of Sunderland’. But what you would see is a gradual reduction,”