Brexit Deal Likelihood Fades, Much More Than a Mini Problem For Car Makers — Panjiva


Brexit Deal Likelihood Fades, Much More Than a Mini Problem For Car Makers

Brexit 68 Cons. Discr. - Autos 661 European Union 406 Tariffs 1169 Trade Deals 702 U.S. 3297 United Kingdom 194

The prospect of an orderly Brexit process in March 2019 looks as remote as ever. The European Council of state leaders appears to have rejected Britain’s “Chequers” proposal and set a deadline of October 18 to reach an agreement. Without that there will not be time to approve withdrawal legislation to secure customs arrangements before the U.K. leaves the EU. That would put regional supply chains at risk of significant disruption. Manufacturers are making contingency plans. BMW, for example, will pause production at its Mini factory in the U.K. during the month following Brexit, which is...

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