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> I'm sorry for the UK but they voted for Brexit … I don't see why they should receive special treatment. This is the European Automobile Manufacturers associa
by helsinkiandrew 3y ago
> I'm sorry for the UK but they voted for Brexit … I don't see why they should receive special treatment.
This is the European Automobile Manufacturers association trying to stop costs of billions from importing cars and parts to the U.K. (and technically vice versa). It’s the likes of BMW and Peugeot that it will hurt.
- kioleanu 3y agoThey’re already in the shitter with the German government stopping subsidies for companies buying EVs and keeping it only for private persons (70% of VW market are companies)
- hedora 3y agoI agree that it'll end up hurting the EU more. BMW, Peugot, Tata (Jaguar Range Rover), Stellantis, and so on can simply move the production of UK-bound vehicles out of Europe to avoid the tariff. (The EU is imposing the tariff, not the UK.) It probably costs less than 10% of MSRP to transport a car (or the parts) via cargo vessel from China or the US, so prices in the UK will go up less than 10%, and EU's EV automotive factories will need to cut production targets (at the same time as the EU is subsidizing them in order to increase production). There are a few UK based companies (Aston Martin, Bentley, Lotus, ...) that are probably too small to route around the tariff, but they're all high-margin, and their customers aren't particularly price sensitive. https://en.wikipedia.org/wiki/List_of_car_manufacturers_of_the_United_Kingdom https://en.wikipedia.org/wiki/List_of_car_manufacturers_of_t...
- callalex 3y agoThey should have thought about that before donating to right wing politicians.
- deleted 3y ago[deleted]