Tiwa Adebayo

The Prime Minister and his government are stepping in over fears possible industrial policy changes could damage firms with sites in both Britain and Europe.

Bloomberg understands carmakers Stellantis, BMW and Volkswagen could all be affected.

It's thought the fresh concerns have driven Keir Starmer's recent bid to take the UK closer to the EU single market.

The fears are likely to have been at the top of the agenda when the European Commission's trade and economy chiefs visited London yesterday for meetings.

In London, Tiwa Adebayo, Bloomberg Radio.

Made in Europe, an initiative designed to transform the EU's manufacturing sector, but one that could be costing British firms billions of pounds.

The Prime Minister and his government are stepping in over fears possible industrial policy changes could damage firms with sites in both Britain and Europe.

Bloomberg understands carmakers Stellantis, BMW and Volkswagen could all be affected.

It's thought the fresh concerns have driven Keir Starmer's recent bid to take the UK closer to the EU single market.

The fears are likely to have been at the top of the agenda when the European Commission's trade and economy chiefs visited London yesterday for meetings.

In London, Tiwa Adebayo, Bloomberg Radio.

Made in Europe, an initiative designed to transform the EU's manufacturing sector, but one that could be costing British firms billions of pounds.

The Prime Minister and his government are stepping in over fears possible industrial policy changes could damage firms with sites in both Britain and Europe.

Bloomberg understands carmakers Stellantis, BMW and Volkswagen could all be affected.

It's thought the fresh concerns have driven Keir Starmer's recent bid to take the UK closer to the EU single market.

The fears are likely to have been at the top of the agenda when the European Commission's trade and economy chiefs visited London yesterday for meetings.

In London, Tiwa Adebayo, Bloomberg Radio.

Chinese automakers were responsible for nearly one in 10 cars sold in Europe last month.

It's a record share that comes off the back of a bumper year, led by soaring sales of electrified vehicles.

Manufacturers in China use their competitive edge in battery technology to outpace rivals in Spain, Italy and the UK.