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Brexit is having massive effects on business in the U.K., and the automotive industry is no exception.
General Motors might move its production facilities from the U.K. to mainland Europe because of the country’s decision to leave the EU, according to LMC Automotive. GM currently produces the Vauxhall/Opel Astra in Ellesmere Port and the Vivaro at its plant in Luton, England, according to Automotive News Europe.
Depending on the trade deal the U.K. strikes with the EU, there could be large tariffs placed on U.K. exports. As a result, analysts are suggesting GM’s production operations could reportedly be heading to Germany or Poland.
Ellesmere Port has the highest risk of shutting down, which reportedly could come as early as 2021 — when the replacement for the Astra arrives.
And GM isn’t the only manufacturer worried about the impact of Brexit. Jaguar Land Rover is fearing the worst after the value of the pound dropped to a 31-year low.
Photo via John F. Martin for General Motors