Brexit halves new investment in British car industry, says auto industry lobby
Updated : June 26, 2018 12:45 PM IST
Public announcements of fresh investments into new plant, machinery, tooling and equipment, models and model development fell to 347.3 million pounds ($461.1 million) between January and June 21, 2018, down from 647.4 million pounds in the first half of 2017.
At stake is the future of one of Britain's few manufacturing success stories since the 1980s: a car industry employing over 800,000 people and generating turnover of $110 billion.
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