Car Manufacturers: Brexit Vote and Stockpiling Parts

car manufacturers: Toyota, Honda and Bentley are among the car manufacturers with major British factories who have looked to new regulators in the EU since the Brexit vote, according to The Guardian. Meanwhile, Vauxhall and BMW have joined the list of manufacturers to start stockpiling parts to cover at least a few days of disruption. Manufacturers are preparing alternative regulatory arrangements, a key concern for the closely supervised vehicle industry. Brexit border delays threaten to disrupt the supply of parts from the EU to the UK immediately after the planned departure date, on 29 March. Type approval from Britain's Vehicle Certification Agency VCA is currently valid across Europe but the European commission in February warned carmakers that this will cease after Brexit, forcing multiple companies to look outside the UK. The VCA is considered by industry insiders to be one of the more capable national agencies across the EU, meaning it has also been used by European manufacturers who do not have factories in the UK. Skoda in March said it would switch back to its home Czech authorities. All new car models sold in the UK and the EU must gain type approval from regulators. (news.financializer.com). As reported in the news.