'Price of UK-made cars may rise' in no-deal Brexit

Name: 'Price of UK-made cars may rise' in no-deal Brexit
Uploaded: 2019-09-10T07:05:57.000Z
Duration: 2 min 3 s
Description: BMW's finance chief warns WTO tariffs mean prices of UK-made models could rise if no deal is reached.

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BMW's finance chief Nicolas Peter has warned that the price of cars made in the UK could rise if the country leaves the European Union without a deal on 31 October..

Mr Peter said that if WTO tariffs are imposed from 1 November then it is highly likely that the price of cars made in the UK and exported to Europe would rise.

Business

10 September 2019