Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

Britain says auto industry is a key sector, looking to ensure best EU market access

Published 19/01/2017, 11:44
© Reuters. FILE PHOTO - Nissan technicians prepare doors for the Qashqai car at the company's plant in Sunderland
TM
-

LONDON (Reuters) - Britain's car industry is a key part of the economy and the government is looking to ensure the best possible EU market access for all of the country's important sectors, Prime Minister Theresa May's spokesman said on Thursday.

The chairman of Japanese carmaker Toyota (T:7203) told the Financial Times on Wednesday: "We have seen the direction of the prime minister of the UK, (so) we are now going to consider, together with the suppliers, how our company can survive."

© Reuters. FILE PHOTO - Nissan technicians prepare doors for the Qashqai car at the company's plant in Sunderland

Asked for a response to the comments, May's spokesman said: "The automotive industry and the finance sector ... are key areas for us and we will be, as we go into the negotiating period, looking at how we can ensure the best possible access to the European market for our key sectors.”

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.