31
Jul
10:48
Pandemic exacerbates UK automakers' Brexit woes, production plummets
The Covid-19 pandemic impact could cut UK automotive production in 2020 by -30% compared to pre-crisis forecasts to 880,000 vehicles, according to trade association Society of Motor Manufacturers and Traders (SMMT). This would be down -32% on-year. If realised, this would be the lowest total since 1957.
Without a positive free trade agreement with the EU, and the industry trading on WTO terms with 10% tariffs, output could stay at around the 800,000 mark or less t…
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Anonymous
Very good overview of the weekly steel market.
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