The European Automobile Manufacturers’ Association (ACEA) said it now expected car sales in the European Union to just exceed 15 million this year.
“It goes without saying that any additional barriers, costs or delays as a result of Brexit will pose a serious threat to jobs and growth in the auto industry, both in the UK as well as in the EU,” ACEA Secretary General Erik Jonnaert said in statement.
“Aside from the uncertainty due to Brexit and changing macroeconomic conditions, this represents a natural stabilization of the market.”
In its industry guide published on Thursday, ACEA said production of vehicles in Europe dropped 0.2% from 2017 to 2018, amid a global decline of 0.6%.
Production of passenger cars in the EU was down 1.4% in 2018 from the year before, it added.
The bloc produces about a quarter of the world’s passenger cars, led by Germany’s strong auto manufacturing industry, employing some 13.8 million Europeans, according to ACEA.
For the second year in a row, carbon dioxide emissions from new passenger cars grew, rising 1.9% from the year before. Jonnaert said that put European carmakers at risk of not meeting the bloc’s 2020 emissions reduction targets.
Source: Reuters
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