*By Michael Teich*
Brexit could be a major bump in the road for Aston Martin if it disrupts trade with the automaker's European partners, said the company's CMO Simon Sproule.
"The biggest threat to us of Brexit is non-tariff barriers, because if you end up getting import duties on Astons going into Europe, then you're going to get import duties on Ferraris coming into the UK. So it's a zero-sum game," Sproule said Tuesday in an interview on Cheddar.
The Brexit withdrawal process began March 29, 2017 after a countrywide vote, and the UK is set to depart from the European Union on March 29, 2019.
A new report from the Federation of German Industries said a "hard Brexit" ー meaning in the absence of a deal between the EU and the UK ー could cause exports to Britain from the rest of the EU to drop by as much as [57 percent](https://www.dw.com/en/german-industry-warns-against-hard-brexit/av-45818058).
That kind of trade disturbance would not be good for business, Sproule said.
"What we're lobbying the government most strongly about is to ensure the free flow of parts and obviously completed vehicles," he added.
Aston Martin ($AML.L) is the latest luxury automaker to make its market debut. Despite a rough start on the London Stock Exchange since its Oct. 3 IPO ー shares are down 16 percent since ー Sproule said patient investors will benefit from the company's future growth.
"The IPO was effectively a marker in our evolution," he said. "People that have been buying into us are buying in for the long term. They buy into the equity story, they buy into the future potential of Aston Martin."
For full interview [click here](https://cheddar.com/videos/aston-martin-cmo-we-have-no-interest-in-making-cheaper-cars).
An Army trainee has been arrested after authorities say he boarded a South Carolina school bus with a gun and held the driver and elementary school students hostage before letting them off the bus.
A federal grand jury has indicted the four former Minneapolis police officers involved in George Floyd’s arrest and death, accusing them of willfully violating the Black man’s constitutional rights.
All the COVID metrics are now looking quite good in the U.S., but still quite bad in India. Florida and Texas are next to enact new strict voting restrictions.
Amusement park regulation varies from state to state, but no American amusement park receives federal oversight. In fact, the largest parks are free to regulate themselves.
New York Gov. Andrew Cuomo says Broadway theaters can reopen Sept. 14 and will be allowed to decide their own entry requirements, like whether people must prove they’ve been vaccinated to attend a show.
Facebook's oversight board punts on the big Trump decision, Biden changes his tune on vaccine patent protections while Tucker Carlson spreads more misinformation, why Peloton's treadmill is a design fail, and more.
Sen. Chuck Schumer (D-N.Y.) joined the NYC Cannabis Parade, the first since the Empire State legalized marijuana. The senator promised to continue to fight for "fair, just, and full legalization" on a federal level.
A closer look at bitcoin's experience during the pandemic reveals a handful of major developments that have helped push the OG cryptocurrency to new heights.
Jill and Carlo go over the White House's new strategy to get over the vaccine hump, Pfizer's vaccine revenues, the decision on whether to let Donald Trump back on Facebook, and the broader problems with social media.
Turkey’s shipbreaking yard is located in the town of Aliaga - about 30 miles north of Port Izmir. Usually, this yard breaks down cargo and container ships. But in 2020, it started bringing in another type of vessel. And business is booming.
Load More