Interview with BMW's Peter Schwarzenbauer on Brexit

The transcript discusses the feasibility of building Royce outside the UK, the impact of a no deal Brexit on tariffs and the car industry, the potential relocation of Mini production due to increased costs, and the ongoing Brexit negotiations. It highlights the challenges faced by the car industry in Britain and the hope for a resolution to avoid chaos.

What is the potential impact of a no-deal Brexit on the UK car industry?

• 10% tariffs on cars

• Increase in car exports

• Elimination of tariffs

• Reduction in car prices

What might the Mini brand need to consider if tariffs are imposed?

• Increasing production in the UK

• Reducing car prices

• Moving production out of the UK

• Expanding into new markets

Why is the potential imposition of tariffs a concern for the Mini brand?

• It would lead to a surplus of cars

• It would decrease demand for cars

• It would improve trade relations

• It would increase production costs by 10%

What is the hope regarding the negotiations between the UK and the EU?

• That chaos will be accepted

• That a resolution will be reached

• That tariffs will be increased

• That the UK will leave the EU without a deal

Who do some people believe will influence a last-minute deal?

• The German car makers

• The UK Prime Minister

• The French President

• The US President