‘No deal’ blow for car maker
ASTON Martin has warned it may have to halt production of all its cars if the Prime Minister fails to secure a Brexit deal.
The luxury motor manufacturer – which makes all its cars in the UK – told MPs that leaving the EU without a trade deal in place would be ‘semi-catastrophic’.
Cars made in the UK have to be tested and approved by the Vehicle Certification Agency (VCA), which allows them to be sold in the EU. But manufacturers have warned that unless the UK strikes a deal with Brussels, the VCA approval would no longer be valid.
Car makers would then have to stop production while they wait for approval from authorities in other markets.
Aston Martin’s finance chief Mark Wilson, giving evidence to the Commons business, energy and industrial strategy committee, said: ‘We produce our cars exclusively in Britain.
‘Without VCA-type approval it really is a stark picture for us.’