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Transcripts For BBCNEWS World 20240706

we are going to focus on the top business stories. we start with a developing story we brought you this time yesterday because the european car industry is calling for a delay to tougher post brexit trade rules due to come in from january saying the supply chain is not ready. europe s car makers source many of the batteries for electric cars from asia which would see them fall foul of rules of origin regulations that specify how much of a car must be eu produced. it comes amid growing concern about the future of car manufacturing here in the uk where there is currently only one factory making batteries. stellantis owner of vauxhall as well as brands including fiat, citroen and peugeot has warned it may have to close uk factories if the government does not renegotiate the brexit deal. our economics editor faisal islam has more. earlier this week, a strong message from one of the world s biggest car makers to renegotiate details of the brexit deal, as their elec

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Transcripts for BBCNEWS World Business Report 20240604 04:36:00

this is a huge issue for the uk and manufacturing sector. we are looking at 800,000 jobs at stake. interesting to hearfrom european bodies unless, the european bodies unless, the european automobile manufacturers association adding their voice of concern but also in germany at the ft reporting that the very powerful german automobile lobby group say these wheels need to be postponed at the very least. need to be postponed at the very least- very least. you re right. the trade and very least. you re right. the trade and cooperation - very least. you re right. the - trade and cooperation agreement between london and brussels was agreed back in 2020 but is now starting to create issues both in the uk but also on the continent and that is because from next year in electric vehicles moving between the eu and uk will need 45% of their parts sourced from these regions or they face a 10% tariff because of that brexit deal. but a lot of parts are actually sourced further afield, from places

Uk
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European-automobile-manufacturers-association
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Stake
Hearfrom-european
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Concern
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Automobile-lobby-group

Transcripts for BBCNEWS World Business Report 20240604 04:31:00

we are going to focus on the top business stories. we start with a developing story we brought you this time yesterday because the european car industry is calling for a delay to tougher post brexit trade rules due to come in from january saying the supply chain is not ready. europe s car makers source many of the batteries for electric cars from asia which would see them fall foul of rules of origin regulations that specify how much of a car must be eu produced. it comes amid growing concern about the future of car manufacturing here in the uk where there is currently only one factory making batteries. stellantis owner of vauxhall as well as brands including fiat, citroen and peugeot has warned it may have to close uk factories if the government does not renegotiate the brexit deal. our economics editor faisal islam has more.

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Car-industry
Delay
Business-stories
Post-brexit-trade-rules-due
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dialog.ua - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dialog.ua Daily Mail and Mail on Sunday newspapers.

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