Spanish automotive industry in turn affected by Brexit
- Inovev recently detailed the difficulties faced by automakers based in Britain, following the British vote to leave the European Union (Brexit), as well as the various industrial strategies they could implement to overcome these difficulties.
- These difficulties can spread throughout Europe, as Britain imports more than 85% of the vehicles it registers each year. The higher price of cars on this market could therefore affect all car manufacturers located throughout Europe and beyond.
- Spain exports nearly 400,000 vehicles each year to Great Britain and this country is likely to suffer from Brexit. Manufacturers established in Spain have said this month that the current political uncertainty on Brexit will lead to production adjustments in Spanish car factories.
- The Volkswagen plant in Pamplona will stop for 15 days and that of Seat in Martorell will stop working every Saturday. The Vitoria Mercedes plant has been shut down for five days due to lower demand for Vito and Class V. Ford, which remains the best-selling brand in Britain, has announced that its Valencia plant would stop 22 days. Renault-Nissan and PSA have not yet announced any reductions in their production.
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