Motor manufacturers warn of £100bn losses if no Brexit deal struck

Automotive trade bodies predict wave of job cuts if UK crashes out of the single market

British and European motor manufacturers have warned of catastrophic" 100bn losses in the industry over the next five years if a Brexit trade deal is not struck.

As trade talks hang by a thread in the face of a political showdown over the EU withdrawal agreement, sector leaders from across Europe predicted a wave of job losses in both factories and their suppliers if the UK crashes out of the single market.