London (CNN Busiess) French carmaker PSA has warned that continued production of the Vauxhall and Opel Astra in the United Kingdom depends on the country's terms of trade following Brexit. The company said Thursday that it intends to build the next generation Astra at Ellesmere Port, which is near Liverpool, and at a plant in Russelsheim, Germany. But production of the vehicle in the United Kingdom is conditional, and depends upon how the country breaks with the European UnionPSA PUGOY "The decision on the allocation to the Ellesmere Port plant will be conditional on the final terms of the United Kingdom's exit from the European Union,"said in a statement. Auto industry executives have warned that a disorderly Brexit would snarl supply chains and disrupt production. Continued uncertainty over the future terms of trade has caused investment to plummet.

Source: CNN June 27, 2019 16:41 UTC