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(as of Oct 11,2023 03:01:40 UTC – Details)
The primary purpose of this book is to evaluate the viability of the UK automotive industry post-Brexit. The evaluation is based on the analyses of the implications of Brexit on investment in the UK car industry, the rate of employment, and the production cost of vehicles. Following the analysis of industry reports, scholarly articles, UK Parliament briefings and media reports on Brexit, the Canada-style and No-Deal scenarios stood out as the most probable post-Brexit deals. The observation is supported by Parliament’s rejection of the May-type agreement, the resignation of Theresa May and the election of Boris Johnson – a Eurosceptic. The No-Deal scenario would increase the cost of a unit by up to 10 percent. The projected increase is based on the imposition of 10 percent WTO tariffs on complete units and 2.5 – 4.5 percent tariffs on components. The act of the UK’s withdrawal from a singular arrangement of market and custom domain would also limit the appeal of motor vehicle manufacturing because manufactured cars would be exposed to pre-sale inspections – leading to delays in shipments. On the positive side, the withdrawal from the EU would catalyze local manufacturing and the growth of a sterling dominated component supply chain. In brief, the negative consequences of Brexit to the automotive sector outweigh the perceived benefits based on the current events. Therefore, it is prudent for manufacturers to explore strategic options to insulate their operations.
ASIN : B09H4G7KNW
Publisher : Ranato Publishers Inc. (24 September 2021)
Language : English
File size : 2742 KB
Simultaneous device usage : Unlimited
Text-to-Speech : Enabled
Screen Reader : Supported
Enhanced typesetting : Enabled
X-Ray : Not Enabled
Word Wise : Enabled
Print length : 77 pages
