IOW, the UK wins — Germany can’t afford to lose the UK market. Media spin? Bigtime. Or maybe Germany can sell 820,000 cars into the Russian ‘market’?
German carmakers raise fears over Brexit
Chris Bryant in Frankfurt and Jeevan Vasagar in Berlin
Financial Times
July 2, 2015
http://www.ft.com/cms/s/0/f6cda050-20bb-11e5-aa5a-398b2169cf79.html
[snip] About a fifth of all cars produced in Germany last year, or around 820,000 vehicles, were exported to the UK, making it the single biggest destination by volume. By contrast, Greece accounted for just 0.3 per cent of German car exports last year. Matthias Wissmann, president of the VDA, Germany’s automotive industry association, said in Berlin on Thursday: “Keeping Britain in the EU is more significant than keeping Greece in the euro.” [/snip]
If I had made a post in favor of TTIP I’d use the same example. The UK imported 50 billion worth of cars. 50% from Germany and 1% from the USA. Here is one place where both the USA and the UK would have benefited from the free trad3.