British car industry investment shrinks amid falling exports, Brexit uncertainty New investment pledged to the British car industry dove by 70 percent in the first half of this year due to weak demand at home and abroad as well as the prolonged Brexit uncertainty, figures from an industry body showed on Wednesday.  

Acknowledging the industry's strong foundation, the SMMT called for an internationally competitive business environment to encourage more investment, innovation and growth in the sector.  "That starts with an ambitious Brexit deal that maintains frictionless trade and we look to the new administration to get a deal done quickly so manufacturers can get back to the business of building cars and helping deliver a brighter future for Britain," Hawes said.  It was revealed that the sector has spent at least 330 million pounds (401.68 million dollars) on contingency plans for a no-deal Brexit. 

Most major British manufacturers have tied up working capital stockpiling materials and components, securing warehousing capacity and investing in new logistics solutions, additional insurance and training in new customs procedures.