Well, here in good old Britain, we have had a bit of a Brexit breakthrough. Our Prime Minister has shaken hands with one of the unelected European Union autocrats, which has signalled that they have agreed to start talking about having talks about trade.
There remains still a huge gulf between the parties and by the time you read this, they will have no doubt reached another impasse and industry will have to wait until next year to see any concrete results.
Christmas Doldrums
The trouble is, in the overriding interests of having a ball at Christmas, this particular holiday seems to begin around the end of November here. For some reason that escapes me, the Workers of Britain begin to slow everything right down; nothing much gets done. Business tends to stagnate, which is not what you need when the country is facing a potential economic nightmare. I think it is called sloth and, as a freelancer, it drives me around the bend. Trading With Other Countries
The new talks about trade talks will probably end up with Britain being either on World Trade Organisation tariffs with Europe or, more favourably, we get a special deal. The snag here is that other non-European countries of the world don?t care for us to get a better deal with the EU than they do.
Ultimately then, the auto industry, which is global now, still doesn?t know where it stands. Industry pundits are glad the first stage of mutual loathing has passed but where does it leave international companies like Mazda, the J...