The National Industry Grapples with Brexit and Increased Motorization
In light of ongoing Brexit-related woes in the manufacturing sector, it seems unlikely that the UK vehicle manufacturing sector will recover soon. Once the largest exporter of cars in the world, automobile brands originating in the UK still hold prestige worldwide, even if foreign companies currently own many of these brands. In terms of sales, German brands were the best-selling passenger car companies in 2021, with Volkswagen holding close to nine percent of the market, followed by Audi and BMW.
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Research Expert covering transportation and logistics