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U.K. Auto Investment Drops Almost 50% as Brexit Chills Spending

By Tony Seruga

Carmakers delay decision-making as no-deal fears stalk sector
Annual output slides 9.1% amid diesel doubts, China slowdown

The British automotive industry saw investment plunge last year as carmakers delayed decisions on upgrading machinery and factories amid mounting concern about the impact of a hard Brexit.

Spending plunged 46 percent to 589 million pounds ($769 million), the lowest since the global financial crisis, the Society of Motor Manufacturers said in a statement Thursday…

U.K. Auto Investment Drops Almost 50% as Brexit Chills Spending

Categories : Private Equity

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