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Recently, the United Kingdom completed the Brexit vote and eventually supported the departure from the EU and won 51.9% of the votes. The shock wave that followed it was an uproar in the global automotive industry, including tires.
In fact, in the UK, this sound is "squeaky" and the tires have to "flick" together.
Automotive industry "fried pot"
Prior to the referendum, many cars publicly stated that they wanted to sue the “Brexit†camp, saying that they had printed their own logos on propaganda lists for false propaganda. Of the 20 largest automakers in the world, 18 have production and investment in the UK. About 80% of cars produced in the UK are exported, and nearly 60% of them are exported to EU countries.
After the UK leaves the European Union, these automakers will face a high tariff of 10%, and the British auto industry will also be hit hard.
In March of this year, a number of multinational automobile manufacturers jointly filed formal documents with the British Chamber of Commerce and the government, urging the United Kingdom to seriously consider the serious impact of “Brexit†on the automotive industry.
The president of the German Automobile Industry Association (VDA) stated at a press conference: “Only the German automotive industry in the UK has 100 production sites, including suppliers. If there is a trade conflict between the UK and the EU, everyone Faced with huge losses."
Apart from car manufacturers, component manufacturers such as Bosch and Continental Group are members of this association.
Earlier, the German automotive industry even threatened to withdraw from the UK if the United Kingdom withdrew from the European Union.
Tire industry not calm <br> <br> automobile manufacturers anxious, attitude tire companies would not be able to keep calm.
Dr. Almar Degenhardt, chairman of the Executive Board of the German Continental Group, stated that he is concerned about the Brexit issue in the UK, taking into account the current economic background in Europe.
He said that the sales of the Continental Group in the UK are currently less than 3% of the Group's total sales, and that Brexit would have a very limited impact on its business.
However, he stressed that the mainland group still hopes to succeed in this market in the UK.
Norton Dunlop's people can't calm down again. It said that the United Kingdom is an important market for Goodyear. According to the current reality of Brexit, they have to reassess the market and investment situation.
Pirelli’s attitude did not appear too strong. The person in charge of the company said that Brexit should be few, or that it did not affect Pirelli's business in the United Kingdom.
He believes that the main pressures and impacts that companies face come from the rising cost of raw materials, as well as the operating cost control brought by the depreciation of the pound.
According to industry insiders, the Brexit influence on the global automotive industry is huge. As an important part of the automobile industry chain, tires will not have too little impact.