MG to end UK car production at Longbridge with switch to China

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MG to end UK car production at Longbridge with switch to China

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MG to end UK car production at Longbridge with switch to China - BBC News

Quote:

They've had a flawed business model in that it was importing virtually the entire car for Longbridge with some very limited assembly, about 40 to 50 workers.
I think what has really scuppered them is the Brexit vote.
They had fundamental business problems in that they were not selling as many cars as they hoped and they had the big import costs of components.
Post Brexit though, the costs of import are much more expensive so costs are higher and there is uncertainty about the future on the trading relationships in Europe.
What they had hoped to do was use the UK as a launch pad for selling into Europe. If - big if - we are no longer part of the single market what is the point of investing there?

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MG to end UK car production at Longbridge with switch to China