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UK Automotive industry demands Brexit safeguards
The UK automotive industry employs more than 800,000 people across the country, including manufacturers, suppliers, retailers and the aftermarket, contributing £18.9 billion to the economy. The sector is deeply integrated within the European automotive industry. Mike Hawes, SMMT chief executive, said: "Triggering Article 50 has started a race against time to secure a deal that safeguards the future of the UK automotive industry. Total automotive trade with the EU is worth more than £42 billion – nearly seven times the value of our next biggest trade partner, the US. Now is the time for government to deliver."No deal at the end of the two-year negotiations would mean the adoption of World Trade Organisation (WTO) rules, the worst foreseeable outcome for UK Automotive.
Together, Mississippi, Toyota, Nissan and the many automotive suppliers are part of the winning team responsible for revving up Mississippi's automotive industry. Mississippi State University's National Strategic Planning & Analysis Research center also recently published a study highlighting Nissan's contribution to the state's economy. Today, a Corolla, one of the world's top-selling vehicle models, rolls off the assembly line every 71 seconds thanks to the Toyota Mississippi team. A vital component of the Mississippi Development Authority's mission is to build stronger communities. Glenn McCullough is executive director of the Mississippi Development Authority.
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collected by :John Max