Investment in the UK car sector almost halved last year and output tumbled as Brexit fears put firms on “red alert”, the industry’s trade body said.

Inward investment fell 46.5% to £588.6m last year from £1.1bn in 2017, the Society of Motor Manufacturers and Traders (SMMT) says.

Production fell 9.1% to 1.52m vehicles, with output for the UK and for export falling 16.3% and 7.3% respectively.

Brexit uncertainty has “done enormous damage”, said SMMT chief Mike Hawes.


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