LONDON - British auto production dropped for a third straight year in 2019, as carmakers continued to hold off on investment amid uncertainty over the country’s departure from the European Union. Figures released Thursday show total production fell 14.2% last year to 1.3 million vehicles, the lowest since 2010. Production for export markets declined 14.7% to 1.06 million vehicles — the majority of which went to the EU. David Bailey, an auto industry expert at the University of Birmingham and author of “Carmaggeddon? Brexit & Beyond for UK Auto,“ said the government needs to clarify its plans for an EU trade deal, or risk losing even more investment.

Source: thestar January 30, 2020 00:00 UTC