23 Hrs
Source:
The Guardian
Mercedes-Benz warns UK exit from 'Made in Europe' law may harm EU car industry
The head of Mercedes-Benz and president of the European Automobile Manufacturers’ Association (ACEA) warned that excluding the UK from the EU’s “Made in Europe” legislation would harm the car industry on both sides of the channel. The proposed Industrial Accelerator Act aims to protect local industry but could restrict UK participation, prompting concern from industry leaders. Additionally, the industry is lobbying for the suspension of upcoming tariffs on electric vehicles between the EU and UK, as production costs and trade tensions with China continue to impact the sector.
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