Car industry reinforces ‘in’ message
The UK motor industry has restated its view that staying in the European Union is best for its business and best for British jobs, just days ahead of the referendum on the UK’s membership of the EU.
The Society of Motor Manufacturers and Traders (SMMT), which represents the UK automotive industry, wants to ensure there is absolute clarity on the sector’s position given recent misrepresentations in the Europe debate.
Mike Hawes, SMMT chief executive, said, ‘UK Automotive is globally competitive, securing record levels of investment, creating tens of thousands of jobs annually and exporting to over 100 countries. We want this success to continue rather than jeopardise it by increasing costs, making our trading relationships uncertain and creating new barriers to our single biggest and most important market, Europe. Remaining will allow the UK to retain the influence on which the unique and successful UK automotive sector depends.’
Reinforcing the SMMT’s stance, Ken Gregor, chief financial officer of Jaguar Land Rover, said, ‘Remaining in the EU – our largest market – will increase Jaguar Land Rover’s chances to grow, create jobs and attract investment in future technologies. Our European supply chain has been fundamental in helping us to meet customer expectations worldwide and achieve sustainable, profitable growth.’
Toyota Motor Manufacturing UK, BMW AG and Vauxhall have also all shown their support to remain in the EU.