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International

Jul. 12, 2016

Britain's exit and the auto industry

Regardless of whether the EU remain intact, Britain's exit is certain to have a cascading effect on economies and industries around the globe. Perhaps hardest hit will be the automotive sector. By Jonathan Michaels

By Jonathan Michaels

The sanctity of the European Union - a sovereign pack architected in the 1950s to prevent another flare-up of extreme nationalism that led to two World Wars - was called into serious question last month, when Britain voted to secede from the EU.

Frustrated by a perceived imbalance in immigration and economic regulation, Britain opted to go it alone, leaving the remaining 28 members wondering if an exodus is the right so...

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