31 Aug '17, 4pm

Post-#Brexit scene? Aston Martins piling up at French ports waiting for customs clearance

Post-#Brexit scene? Aston Martins piling up at French ports waiting for customs clearance

[LONDON] Aston Martins worth about US$185,000 each piling up at French ports awaiting customs clearance: that's the iconic British carmaker's biggest Brexit nightmare. Should the UK crash out of the European Union without a trade deal, autos imported into the bloc could face tariffs of about 10 per cent. The manufacturer of movie spy James Bond's cars says that prospect neither shakes nor stirs him, as sterling's decline helps cushion the impact of higher prices. "What I can't cope with is my cars being stuck at a French port for six months," Aston Martin's chief executive officer Andy Palmer told reporters in Tokyo during Prime Minister Theresa May's visit to Japan. sentifi.com Market voices on: "That's far more damaging on business. That's why it's at the top of my list." SEE ALSO: Japanese firms urge transparency over Brexit deal Britain's car industry is among the indu...

Full article: http://www.businesstimes.com.sg/transport/aston-martin-fe...

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