No-deal Brexit will have 'seismic' impact, says European car industry

Carmakers fear disorderly exit would cripple the just-in-time supply chain, investment and lead to tariff barriers

The European car industry has warned of catastrophic effects of a no-deal Brexit, saying it would have a "seismic" impact on making cars in Europe.

In a rare joint statement, chiefs from 23 automotive business associations across Europe joined forces to caution against a brutal exit from the bloc by Britain, where auto giants BMW, Peugeot PSA and Japan's Nissan have factories.