Locking UK out of ‘Made in Europe’ law will ‘hurt’ carmaking across EU, says Mercedes-Benz boss

What happened: Mercedes-Benz chief Ola Källenius, as ACEA president, said excluding the UK from the EU's "Made in Europe" Industrial Accelerator Act would deliberately hurt carmakers on both sides. Key numbers: China has a £1bn a day trade surplus with the EU. 10% EV tariffs resume next year under the TCA. Batteries can be about 45% of a new car's cost. Why it matters: The ACEA is lobbying to suspend the 10% EV tariffs and warns manufacturers are worried, while the UK seeks inclusion in the act against French resistance.

Mercedes-Benz boss warns excluding UK from Made in Europe law hurts EU carmaking.

Mercedes-Benz boss warns excluding UK from Made in Europe law hurts EU carmaking. — impact context not separately stored; see What changed.