The Society of Motor Manufacturers and Traders (SMMT) has teamed-up with automotive industry bodies from across Europe in a plea to avert what they have referred to as a “€110bn no deal Brexit disaster”.
A total of 23 industry bodies have come together to urge to call for urgent free trade deal before the end of the transition period in just 15 weeks’ time after calculating that a ‘no deal’ and the implementation of WTO tariffs could jeopardise the production of around three million EU and UK built vehicles over next five years.
Marshall Motor Holdings Plc (LON:MMH), together with its subsidiaries, engages in retailing passenger cars and commercial vehicles in the United Kingdom. It sells new and used vehicles; and provides after sales services, such as servicing, body shop repairs, and parts sales.