LONDON, Dec 23 (Reuters) – British motor vehicle production fell only a little in November but output is down by just about a third so considerably in 2020 owing to COVID-19 limits and the tactic of a possible Brexit shock at the conclude of this thirty day period, an sector overall body said.
Generation fell year-on-year by 1.4% previous thirty day period to 106,243 autos but the comparison was flattered by a weak November 2019 when some crops were shut because of to Brexit worries, the Society of Motor Manufacturers and Traders mentioned.
Year-to-day generation so far in 2020 was down 31%.
“Yet an additional decline for Uk motor vehicle manufacturing is of program regarding, but not approximately as about as the New Calendar year nightmare experiencing the automotive market if we do not get a Brexit deal that works for the sector,” SMMT Chief Govt Mike Hawes said.
Even if London and Brussels strike a trade offer to stay clear of trade tariffs prior to a Dec. 31 deadline, it is practically unachievable for automotive businesses to be prepared, the SMMT said.
Versatile policies-of-origin thresholds for hybrid motor vehicles and batteries, and a phase-in interval to allow supply chains to adapt would be essential as part of any arrangement, as very well as a 12-thirty day period grace period for provider declarations on both sides, it stated. (Producing by William Schomberg editing by William James)