Stellantis, the multinational automotive company formed by the merger of Fiat Chrysler Automobiles and PSA Group, has urged the UK government to revise its Brexit agreement with the European Union (EU). The company has cited the need for change in order to avoid potential disruptions to its supply chain and operations.
Stellantis is one of the largest automotive companies in the world, with a presence in over 130 countries. The company has a significant manufacturing and sales presence in the UK, with brands such as Vauxhall and Peugeot. However, the UK’s departure from the EU has created uncertainty for Stellantis and other automotive companies operating in the region.
The Brexit agreement between the UK and the EU includes provisions for trade and customs arrangements, as well as regulations for goods and services. However, Stellantis has expressed concerns that these provisions may not be sufficient to ensure a smooth transition for its operations.
One of the key issues for Stellantis is the potential for delays and disruptions at border crossings between the UK and the EU. The company relies on a complex supply chain that involves the movement of parts and components between different countries. Any delays or disruptions at border crossings could have a significant impact on Stellantis’ operations and production schedules.
In addition, Stellantis has raised concerns about the regulatory environment in the UK post-Brexit. The company has called for greater clarity on regulations related to emissions standards, safety standards, and other areas that could affect its operations.
Stellantis is not alone in its concerns about the impact of Brexit on the automotive industry. Other companies, including Ford and Nissan, have also called for greater clarity and support from the UK government to ensure a smooth transition.
In response to these concerns, the UK government has pledged to work with the automotive industry to address any issues related to Brexit. The government has also announced a £500 million investment in electric vehicle manufacturing, which could help to support the industry’s transition to new technologies and regulatory frameworks.
Overall, the automotive industry is facing significant challenges as a result of Brexit. However, companies like Stellantis are urging the UK government to take action to address these challenges and ensure a smooth transition for the industry. With the right support and policies in place, the UK automotive industry could continue to thrive in the post-Brexit era.
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- Source: https://zephyrnet.com/stellantis-says-uk-needs-to-change-brexit-deal/