No, they haven't got the known part wrong, I've already quoted the financial side of that when I quoted the 7% loss that Germany would suffer. Quoting numbers of cars is just silly and meaningless, it's only the financial effect that matters and for their 7% loss, we suffer 50% which you've ignored once again.
I haven't taken into account what the FT says about what Trump may do since that is just supposition.
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No, I have not ignored it at all. I, m saying both sides stand to lose. The German car industry would be far harder hit than any 7%. I dont think you read the report.
https://www.thelocal.de/20181011/horror-scenario-how-brexit-could-affect-germany
You dont need to register with FT for this one. Saying similar.
The EU are putting political agendas before economic prosperity if its members. Thats plain for all to see. Post "no deal" some if those 27 countries would have to act unilaterally. Yes, the decisionto force a no deal is made by 27 nembers but the majority of any damage (85%) would be felt by only 5..And out of those 5 Germany would absorb 40% of that cost,yet would remain the EU, s largest contributor.
Its inevitable some of those countries would strike deals with UK to avoid hardship bot felt by other EU menbers. This has bren crux of Hargreaves argument since day one.
FT are sinply pointing out other difficulties VAG are facing. (diesel scandal has affected sales in USA and led to massive costs not felt in EU, the point the raise is after posting profit warnings already could they cope with no deal and then Trunp's trade war.
Our negotiations should look at all this. They do not have such a goid hand as assumed and its all speculation. Every bit of it. Nobody really knows what will happen.
Comment from head of McLaren cars about no deal with regards our car industry..