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How Britain can join the global car market
GRAHAM STEVENSON asks whether Brexit has to spell disaster for the British motor industry

BOSSES in car-making across Europe have suddenly shifted from a bad case of doom and gloom into believing that bright spells could be ahead.

Shares of VW rose by 4 per cent. Daimler, BMW, Fiat, Renault and Peugeot Vauxhall and its parent PSA all rose, along with car parts suppliers, including Michelin, Pirelli and Continental.

Much of this rise was greatly boosted by reports that China may cut sales tax on cars in half to boost demand, but thanks are also due to strong results from HSBC, as well as Standard & Poor’s decision not to downgrade the Italian government’s credit rating.

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