Brexit 'SAPPING demand for German cars with number of exports PLUMMETING'

GERMANY’S vaunted car industry is suffering because of Brexit, the motor industry’s governing body said today.

An Audi factory in GermanyGETTY

The motor industry's governing body said Germany's car industry is suffering because of Brexit

Matthias Wissmann of the German Federation of the Automobile Industry, said: "Brexit and the related lower demand in Britain caused by exchange rates has contributed to a 2.0-per cent fall in car exports, to 4.3 million vehicles.”

The UK is is the biggest export market by unit sales and the second-biggest in cash value.

German carmakers have around 20 per cent of global car market share this year with 16.4 million vehicles sold and produced around half of all new cars registered in Europe.

German carmakers have around 20 percent of global car market share this year with 16.4 million vehicles sold and produced around half of all new cars registered in Europe. 

A German car factoryGETTY

Germany exported cars worth 20.8 Billion euros to the UK in 2016

The German Chamber of Commerce and Industry (DIHK) predicted a no-deal Brexit - based on  export figures of 2016 - would hit the car industry with customs duties of 2.35 billion euros.

 DIHK general manager Martin Wansleben said: "The clock is ticking: On 30 March 2019 the British are probably out of the EU. 

“This makes a Brexit with no follow-up agreement more likely.

“The German economy will be seriously impacted” have a serious impact."  

A VW factory in GermanyGETTY

A no-deal Brexit would hit the car industry with customs duties of 2.35 bn euros, it was predicted

If the EU and the United Kingdom were not to agree on an agreement, trade would again be subject to WTO rules, which would result in significantly higher customs burdens.

Mr Walsleben said: “Quick solutions are in demand because cherry picking by the UK is not allowed in negotiations.”

Last year Germany exported cars worth 20.8 Billion euros to the UK.

Brexit 'SAPPING demand for German cars with number of exports PLUMMETING'

GERMANY’S vaunted car industry is suffering because of Brexit, the motor industry’s governing body said today.

An Audi factory in GermanyGETTY

The motor industry's governing body said Germany's car industry is suffering because of Brexit

Matthias Wissmann of the German Federation of the Automobile Industry, said: "Brexit and the related lower demand in Britain caused by exchange rates has contributed to a 2.0-per cent fall in car exports, to 4.3 million vehicles.”

The UK is is the biggest export market by unit sales and the second-biggest in cash value.

German carmakers have around 20 per cent of global car market share this year with 16.4 million vehicles sold and produced around half of all new cars registered in Europe.

German carmakers have around 20 percent of global car market share this year with 16.4 million vehicles sold and produced around half of all new cars registered in Europe. 

A German car factoryGETTY

Germany exported cars worth 20.8 Billion euros to the UK in 2016

The German Chamber of Commerce and Industry (DIHK) predicted a no-deal Brexit - based on  export figures of 2016 - would hit the car industry with customs duties of 2.35 billion euros.

 DIHK general manager Martin Wansleben said: "The clock is ticking: On 30 March 2019 the British are probably out of the EU. 

“This makes a Brexit with no follow-up agreement more likely.

“The German economy will be seriously impacted” have a serious impact."  

A VW factory in GermanyGETTY

A no-deal Brexit would hit the car industry with customs duties of 2.35 bn euros, it was predicted

If the EU and the United Kingdom were not to agree on an agreement, trade would again be subject to WTO rules, which would result in significantly higher customs burdens.

Mr Walsleben said: “Quick solutions are in demand because cherry picking by the UK is not allowed in negotiations.”

Last year Germany exported cars worth 20.8 Billion euros to the UK.

Brexit 'SAPPING demand for German cars with number of exports PLUMMETING'

GERMANY’S vaunted car industry is suffering because of Brexit, the motor industry’s governing body said today.

An Audi factory in GermanyGETTY

The motor industry's governing body said Germany's car industry is suffering because of Brexit

Matthias Wissmann of the German Federation of the Automobile Industry, said: "Brexit and the related lower demand in Britain caused by exchange rates has contributed to a 2.0-per cent fall in car exports, to 4.3 million vehicles.”

The UK is is the biggest export market by unit sales and the second-biggest in cash value.

German carmakers have around 20 per cent of global car market share this year with 16.4 million vehicles sold and produced around half of all new cars registered in Europe.

German carmakers have around 20 percent of global car market share this year with 16.4 million vehicles sold and produced around half of all new cars registered in Europe. 

A German car factoryGETTY

Germany exported cars worth 20.8 Billion euros to the UK in 2016

The German Chamber of Commerce and Industry (DIHK) predicted a no-deal Brexit - based on  export figures of 2016 - would hit the car industry with customs duties of 2.35 billion euros.

 DIHK general manager Martin Wansleben said: "The clock is ticking: On 30 March 2019 the British are probably out of the EU. 

“This makes a Brexit with no follow-up agreement more likely.

“The German economy will be seriously impacted” have a serious impact."  

A VW factory in GermanyGETTY

A no-deal Brexit would hit the car industry with customs duties of 2.35 bn euros, it was predicted

If the EU and the United Kingdom were not to agree on an agreement, trade would again be subject to WTO rules, which would result in significantly higher customs burdens.

Mr Walsleben said: “Quick solutions are in demand because cherry picking by the UK is not allowed in negotiations.”

Last year Germany exported cars worth 20.8 Billion euros to the UK.

Brexit hits European car sales: German economic fears as demand drops
Brexit no deal will HIT Germany's car industry, experts warn Brexit News Cars
World War 3 Donald Trump anger Muslims declare Jerusalem capital Israel Turkey Iran warn

Donald Trump will trigger World War 3: Iran and Turkey threaten US in Jerusalam Israel row

North Korea china join world war 3 nuclear weapons tests

CHINA preparing to JOIN forces with North Korea in WORLD WAR 3 warns military expert

canada china trade talks breakthrough justin trudeau xi jinping

Last-ditch talks raise hopes of Canada-China free trade agreement

Bali volcano update Mount agung eruption cold lava lahar indonesia

Bali volcano update: Horrifying Mount Agung pictures show COLD LAVA engulfing rivers

NASA earth voyager 1 carl sagan pale blue dot

Are these the GREATEST words ever written about planet Earth?

Game of Thrones season 8 Stannis Baratheon Stephen Dillane

Game of Thrones season 8: Star didn't understand series 'The damage had been done'

UK BBC weather forecast snow Met Office latest news

UK snow forecast: Latest weather chart reveals BLANKET of SNOW on MONDAY

Brexit news Brexit bill UK EU Stephen Barclay cross-border derivatives

This financial product worth TRILLIONS could be at RISK if Brexit talks go pear-shaped

I'm A Celebrity 2017 Made in Chelsea Toff slimmer figure camp’s shocking weightloss claims

I'm A Celebrity 2017: Toff showcases slimmer figure amid camp’s shocking weightloss claims

North Korea news update World War 3 USA Donald Trump Kim Jong un

North Korea SHOCK warning: 'Trump is REALLY running out of time' amid World War 3 threat

Russia super volcano eruption erupts Siberia latest news

Siberian super volcano ERUPTS in shock explosion spewing hot ash 6 miles into the sky

Bali volcano update latest pictures Mount Agung eruption

Bali volcano update: Latest pictures show ash rise from Mount Agung as eruption fears grow

terror attack plot Theresa May ISIS UK news latest London Westminster Downing Street

'Thousands could be KILLED!' Terror expert warns of 'spectacular terrorist attack'

North Korea news world war 3 latest update threat human kind china USA

North Korea is BIGGEST threat to the world: Shock warning sparks WW3 fears

North Korea news update USA World War 3 Kim Jong un Donald Trump

North Korea THREAT: Donald Trump 'cannot ignore NUCLEAR BLACKMAIL' from rogue state

north korea world war three nato eu foreign ministers brussels talks

North Korea nuclear missile threat highlighted at NATO talks with EU foreign ministers

russia news russian plane violates airspace eu finland vladimir putin

Russian plane VIOLATES EU airspace - Finland fury on eve of independence celebrations

european union single currency eurozone reform euro Valdis Dombrovskis

Not even pretending anymore: EU pushes for more countries to sign up to single currency

Brexit news David Davis EU UK Brexit assessments

Davis' BRILLIANT response to Remainer Benn during FIERY squabble over Brexit assessments

Donald Trump Jerusalem Israel capital news US Manuel Hassassian

‘Trump is declaring WAR in the Middle East!' SHOCK warning over MAJOR foreign policy move

North korea news world war 3 latest update Donald Trump South Korea

US is accelerating MISERABLE END: North Korea sparks WW3 fears with threat to Trump

North Korea news update USA World War 3 Kim Jong un Donald Trump

SHOCK North Korea WARNING: A nuclear attack is 'VERY CLOSE' amid World War 3 threat

european union Permanent Structured Cooperation PESCO EU army

Armoured vehicles, landing craft.. EU to sign off £5BN Euro-Army plan (in all but name)

North Korea US B1 B Lancer  South Korea Kim Jong un nuclear war

North Korea on ALERT as supersonic US bombers fly over Pyongyang in threat to Kim Jong-un

North Korea food sanctions aid famine UN children UK World Food Program

North Korea facing savage famine that risks starving 190,000 children after UN funding cut

World War 3 North Korea Kim Jong-un Donald Trump USA South Korea joint military drills

US and South Korea send 230 aircraft in military drill ready to fight Kim Jong-un tonight

Donald Trump Israel Jerusalem capital Palestine riots Arab-Israeli war Jordan Saudi Arabia

Days of RAGE: Terror police on high alert as Trump 'announces Jerusalem as Israel capital'

wildfire california la firefighters battle blaze hundreds homes evacuated destroyed

Thousands of homes may be DESTROYED by wildfire as firefighters struggle with LA blaze

north korea nuclear weapons missiles russia oil trade united nations banned

Russia IGNORES UN sanctions as price of North Korean fuel PLUMMETS despite isolation plot

North Korea Kim Jong un Pyongyang missile launch ICBM Hwasong stars space constellation

Revealed: North Korea ‘TAMPERED’ with photos demonstrating their latest missile launch

Philip Hammond Gavin Williamson Theresa May Treasury RAF Ministry of Defence Army

Philip Hammond needs to pay 'SIX-FIGURE SUM' to avoid being banned from RAF aircraft fleet

North Korea news World War 3 Donald Trump Kim Jong un China war military video

North Korea: US needs to economically 'STARVE' Kim Jong-un regime to avoid World War 3

Donald Trump Turkey Trump plan make Jerusalem capital Israel

Donald Trump to recognise Jerusalem as Israel's capital - SHOCKWAVES felt around world

Michael Schumacher latest news Formula 1 health recovery fighting Jean Todt Sabine Kehm

Michael Schumacher recovery: Schuey 'is still fighting' Ferrari F1 boss reveals

Bali volcano eruption update Mount Agung latest news erupts

Bali volcano eruption update LIVE: Mount Agung spews WHITE SMOKE as cold lava spreads

California wildfire update live news latest fires Los Angeles Ventura Santa Ana winds

California wildfires MAP updates: Thousands EVACUATED as winds see flames ENGULF homes

Bali volcano news latest update Mount Agung eruption travel Indonesia airports

Bali volcano LIVE updates: Mount Agung sends up plume - warning of HUGE eruption to come

Rush hour train crash Meerbusch Germany injured passenger freight

Railway crash injures five - more than 100 trapped as passenger train hits freight train

North Korea defector surgery hospital bullets 10 inch parasites

REVEALED: Rush to save shot North Korean defector with 10-inch PARASITES in intestine

usa could use microwave weapons to fry north korean missiles and avoid world war 3

REVEALED: US Air Force could use high-tech MICROWAVE weapons to disable North Korean nukes

Michael Schumacher latest news Formula 1 title Ferrari Jean Todt health condition

Michael Schumacher: F1 star doubted himself after winning title reveals ex-Ferrari boss

Brexit news UK Ireland border deal Jean Claude Juncker Theresa May meeting

Brexit latest: ‘Maybe tomorrow, maybe the day after’ Juncker scraps plans to meet PM

world war 3 north korea news japan nuclear evacuation test tokyo icbm

Japan prepares for North Korea attack: Tokyo to carry out city-wide evacuation tests

Iceland volcano will erupt eruption Öraefajökull

Will the Iceland volcano erupt? Could Öraefajökull be on brink of eruption?

north korea news japan ghost boat coast guard Sakata

Mystery as more 'ghost boats' from North Korea wash up on Japan's shores

  • Find us on Facebook
  • Follow us on Twitter
  • Check us on Google+
  • Subscribe to our rss feed