SMMT says remaining in Europe “critical” to future of UK automotive industry

The Society of Motor Manufacturers and Traders (SMMT) has restated its view that staying in the European Union is best for its business and best for British jobs, just days ahead of the referendum on the UK’s membership of the EU.

The association says that there “should be no ambiguity about the sector’s views ahead of such a critical vote” and reinforced its position on jobs, competitiveness and benefits to business.

“UK Automotive is globally competitive, securing record levels of investment, creating tens of thousands of jobs annually and exporting to over 100 countries,” said Mike Hawes, SMMT Chief Executive.

“We want this success to continue rather than jeopardise it by increasing costs, making our trading relationships uncertain and creating new barriers to our single biggest and most important market, Europe. Remaining will allow the UK to retain the influence on which the unique and successful UK automotive sector depends.”

The industry is a large employer in the UK, supporting 800,000 jobs ranging from car and commercial vehicle manufacturers and parts suppliers to aftermarket companies, as well as contributing £15.5 billion annually to the economy.

SMMT says it has emerged from the recession “stronger, more productive and more competitive and is now a leading global player,” with exports at record levels and vehicle production at the highest level for over a decade.

Several senior figures from the UK’s automotive industry voiced their support of a remain vote, including Jaguar Land Rover, Toyota Motor Manufacturing UK, Vauxhall and BMW.