Anderson Economic Group Work

Auto stocks fall on news of Brexit

Automakers, including GM and Ford, that produce vehicles and parts in Britain are going to have to watch what happens over the next two years “very closely” and potentially create contingency plans, said Patrick Anderson, principal and CEO of East Lansing-based analyst group Anderson Economic Group LLC.

“You don’t know what effect this will have on British labor policy, taxes in the EU, and if there will be a rocky exit that propitiate between Britain and other countries,” he said.

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