Stellantis warns of job losses and factory closure if UK doesn't renegotiate Brexit deal.

1 min read
Source: BBC
Stellantis warns of job losses and factory closure if UK doesn't renegotiate Brexit deal.
Photo: BBC
TL;DR Summary

Stellantis, the maker of Vauxhall, Peugeot, Citroen, and Fiat, has called on the UK government to renegotiate part of the Brexit deal or risk losing parts of its car industry. The company is no longer able to meet Brexit trade rules on where parts are sourced, and it has asked the UK government to come to an agreement with the EU to keep rules as they are until 2027. Stellantis warned that uncompetitive electric vehicle costs will mean "manufacturers will not continue to invest" and will "relocate manufacturing operations outside of the UK".

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