Billions of euros, millions of jobs: Europe's carmakers warn on no-deal Brexit

In the event of a no-deal Brexit car production stoppages will cost 50,000 pounds a minute in Britain alone.. (Cars readied for export are parked next to a vehicle storage facility on the dockside at the ABP port in Southampton, Britain - Reuters filepic)

BERLIN: A month before Britain is due to quit the European Union, the bloc's car-makers have joined forces to warn of billions of euros in losses in the event of a no-deal Brexit with production stoppages costing 50,000 pounds a minute in Britain alone.

Britain is scheduled to quit the EU on October 31 but businesses have grown increasingly concerned at Prime Minister Boris Johnson's apparent lack of progress towards a new withdrawal deal to replace the proposals of his predecessor Theresa May, which the British parliament rejected three times.