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Automotive sector needs support to be successful

 

Read Chamber chief exec, James Ramsbotham's statement regarding the automotive sector.

James Ramsbotham, chief executive, North East England Chamber of Commerce said: “The automotive sector in this country is vitally important and needs to be protected. At present there is over-capacity in the EU so businesses like Nissan in Washington need every bit of support to be successful. Brexit is making this situation harder. The EU has also just signed a complex free-trade deal with Japan which is extremely concerning for our automotive industry if we leave with no deal, due to the sophistication of the sector’s extensive supply chain. We need clarity on our future trading arrangements with the EU as the impact on our economy is now becoming so damaging.”