Negotiation needed

STELLANTIS, which manufactures Vauxhall and Fiat vehicles in the UK, called on the government to renegotiate Brexit rules.

“The UK must reconsider its trading arrangements with Europe,” Stellantis told a House of Commons enquiry.

Not doing so could mean closing some UK operations and endangering thousands of jobs, said the world’s fourth­biggest carmaker, which also produces Citroën and Peugeot vehicles.

Two years ago, Stellantis declared that the future of its plants in Ellesmere Port and Luton were assured, but it now warns that it can no longer meet Brexit trade deal requirements.

These stipulate that 45 per cent of the value of a vehicle’s components should be sourced in the UK or the EU by 2024, but the manufacturer can no