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With the EU referendum looming, what does the Automotive Industry think?

Heavyweight vehicle manufacturers including Ford, Vauxhall and BMW have made their views on the forthcoming EU ‘Brexit’ referendum crystal clear – which will take place on23rd June.

The automotive industry has declared overwhelming support for remaining in the European Union when the UK votes to decide its future on the 23rd June.

The Society of Motor Manufacturers and Traders last week released research that found 77% of its members, said remaining in the EU would be best for their business, while only 9% backed leaving. The remaining 14% were undecided.

The Message form the UK Automotive Industry is clear. Being in Europe is vital for the future of this industry and to secure jobs, investment and growth.

The industry supports 800,000 jobs across the UK and contributes more than £15bn to the UK economy, pulling out of Europe could jeopardise this.

A host of manufacturers made it clear at the Geneva Motor Show last month that they support Britain staying in the EU, with all saying their opinions were based purely on business grounds rather than politics.

Vauxhall, which is considered a British brand, has two manufacturing bases in the UK. They have said it is keen to remain in the EU. “staying in the is the right thing to do in terms of freedom of movement of people and goods and it’s the right thing to do as an organisation”, said MD Rory Harvey.

Andy Barratt, Ford GB’s Managing Director said “we are keen on staying in a reformed Europe. It gives stability to business. We have 14,500 employees in the UK and we want stability. This is not a political decision, it’s a business one.”

However, Arnaud Leclerc, PSA’s deputy Managing Director in the UK, said it was not PSA’s business to get involved in politics, but he was planning for both possibilities so that the company was prepared. When pushed Leclerc added “I would be very surprised if we supported out. I am very interested to see what happened”.

Lex Autolease, would only say that the Lloyds Banking Group, of which it is a part, “will consider any implications for our organisation, our shareholders and our customers. This is though, ultimately a matter for the British people”.

With the UK automotive industry so heavily behind an IN VOTE it will be interesting to see how this unfolds.

Be sure to vote on 23rd June 2016

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