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BMW could shift some UK engine, Mini output if no orderly Brexit

BMW could shift some UK engine, Mini output if no orderly Brexit

March 5, 2019

Via: Reuters

Britain, the world’s fifth-largest economy, is due to leave the EU on March 29 but an agreement between London and Brussels has been rejected by UK lawmakers leaving open the possibility of a chaotic exit that could hit trade.

One risk of a no-deal Brexit is that British-made engines will no longer be counted as EU content, pushing the total level in some cars below the threshold of around 55 to 60 percent required in many international trade agreements.

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