Hard Brexit Might Endanger 14,000 Jobs in German Car Industry: Report

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A hard Brexit might endanger 14,000 of the 42,500 jobs in German car industry, a report published by the consulting firm Deloitte showed on Thursday.

German automobile industry could expect a loss of up to 3.8 billion euros (US$4.6 billion) in the Brexit year, because of the close interdependence of the suppliers with carmakers in Germany, Britain and other European Union countries, said the report named “hard Brexit and supply chain.”

Every fifth car parts used in