Stock prices across the world have taken a huge hit following Brexit the UKs decision to leave the European Union. Investor confidence has dropped across many sectors including the auto industry as uncertainty looms over the economic ramifications of this historic move. The UK one of the largest automotive manufacturing hubs in Europe must now decide how to move forward with this exit. About 75 percent of the vehicles manufactured in the UK are destined for export mostly to Europe. But its not just British automakers few of which today are actually British owned that have taken a hit. Automakers suppliers and even transportation companies like Penske are experiencing falling stock values. As of this writing the following manufacturers have taken hits. Percentages are relative as the stock prices are still in flux. Toyota: -8.6 percent General Motors: -3.8 percent Volkswagen: -5.5 percent Hyundai: -1 percent Ford: -5.9 percent Nissan: -8.1 percent Fiat Chrysler Automobiles: -12.3 percent Honda: -4.47 percent Tesla: -1.8 percent Delphi: -10.6 percent BorgWarner: -10.2 percent Tenneco: -10.5 percent Penske: -10.2 percent Its still unknown how this will all play out. The UKs next move will be to figure out how to manage their departure from the EU and what effect this will have on trading. UK Prime Minister David Cameron announced his resignation this morning so figuring out new leadership to ease the transition will be key. With regards to the auto industry the UK government will need to determine what sort of tariffs will be imposed on imports and exports how labor and employment will be handled and if manufacturing will be forced to move elsewhere if costs become too great. Read More:http://www.autoblog.com/2016/06/24/automotive-stock-prices-fall-brexit/ Get in touch with us via our cash for cars website if you are interested in finding out more. The post Automotive stock prices fall worldwide in the wake of Brexit appeared first on http://limerick.cashforcarsireland.com/ via Cash For Cars - Locations http://limerick.cashforcarsireland.com/automotive-stock-prices-fall-worldwide-wake-brexit/