Auto industry cautious on potential ‘Brexit’ implications

On 23 June 2016, the UK government will hold a referendum to gauge support for continued membership of the European Union (EU). The last such referendum was held in 1975, with 67% of voters approving membership. Since then, EU membership has become an increasingly divisive topic. Those in favour of an exit bemoan a loss of sovereignty, and argue that the UK would be better able to control its own borders and negotiate trade deals outside of the EU.