Brexit news: German carmakers to shun UK business to support EU | UK | News

German car makers have been urged to pile pressure on Brussels and Angela Merkel in order to help smooth out trade talks between the UK and the EU.

Nina Schick, however, claimed the UK’s attempts to force the EU to begin talks on further trade relations could fall short as German business leaders opt to side with Brussels.

Speaking to CNBC, she said: “Car manufacturing has already become a Titanic issue in the Brexit debate. 

“Of course, the German car manufacturers and other German exporters are putting pressure on to strike a deal.

“Already over the weekend, you had German business representatives saying we want more clarity around the Brexit talks.

“However, fundamentally they’re not going to be the ones striking that deal despite the pressure they might put on Merkel or Brussels.

“They understand there can be no so-called ‘cherrypicking’, as we say in Germany, and to them, the integrity of the single market is still very important.

“Even though they are business people they are also still very much in the mould of German thinking about Europe – the idea of European solidarity and everyone who is in the club needs to pay in something.

“That is something that is unshakable.”

Former Ukip leader Nigel Farage has claimed there is “lobbying going on behind the scenes from German carmakers”, who fear a loss of jobs across the country if a trade deal is not struck.

German industry leaders still remain worried about the potential negative impact Brexit could have other businesses.

Martin Wansleben, CEO of the German Industry Group, warned the “terms of exit are still completely unclear”.

The UK remains Germany’s third largest market and fifth largest trading partner, according to 2016 statistics released by DIHK.

Meanwhile, German Chancellor Angela Merkel is set to push on with plans for further Eurozone integration.

She backed proposals to create a combined eurozone “economics and finance minister” and a European Monetary Fund.

The proposal would replace the European Stability Mechanism, a rescue facility set up in 2012 to help defuse the eurozone crisis.

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