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Stellantis gives an ultimatum in the United Kingdom and threatens to close its factories

Date: March 3, 2024 Time: 19:11:40

The Stellantis car group has warned the United Kingdom of possible factory closures if the country does not renegotiate the post-Brexit trade agreement with the European Union, in a company letter to the parliamentary committee. Specifically, Stellantis says it is having difficulty meeting local requirements due to rising raw materials and a lack of battery supplies in the UK.

In this sense, Stellantis calls for the tax requirement in Brexit to be delayed for three years whereby, as of 2024, 45% of the parts of an electric car must come from the United Kingdom or the European Union ( EU) to avoid export duties of 10%.

The company employs more than 5,000 people in the UK and had pledged to assemble electric vehicles in the country, including mid-size vans from Vauxhall, Peugeot, Citroen and Fiat at its Ellesmere Port facility in North West England. and in Luton, just outside London.

“If the cost of manufacturing electric vehicles in the United Kingdom ceases to be competitive and becomes unsustainable, the factories will be closed,” Stellantis says in the letter addressed to the parliamentary committee on business. “The United Kingdom must consider its trade agreements with Europe,” the company says.

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Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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