Brexit slows Vauxhall Corsa and Insignia production

Vauxhall Corsa

German plants that build cars for British market set to reduce supply as profits shrink

Production for the Vauxhall Corsa and Insignia will be scaled back due to a weak pound following Britain’s decision to leave the European Union.

Insiders say Brexit‘s impact on the pound means General Motors’ British brand – which is known as Opel on the Continent – is making less profit on each model it sells in the UK.

The lower value pound is also expected to impact demand in the coming months, so the car maker is preparing to adjust the operating hours for two …read more

Source:: Autocar