Brexit contingency plans cost car makers more than $400 million
Posted On: Jul. 31, 2019 6:38 AM CST
Research by U.K.'s Society of Motor Manufacturers and Traders found that carmakers have spent £330 million ($402 million) to set up contingency plans for a hard Brexit, Autocar.co.uk reported. The trade association said that the plans include stockpiling components, securing warehouse space, purchasing additional insurance and making logistics changes.