Germany Counting U.K. Exit Cost Shows Carmakers Losing
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Months if not years before U.K. voters cast the die on their country’s future within the European Union, German companies are beginning to count the cost of a possible exit. Carmakers like BMW AG may have the most to lose.
Meeting Chancellor Angela Merkel for a luncheon in Berlin on Friday at the end of a four-country European tour, Prime Minister David Cameron spelled out the same changes he’s seeking in Britain’s relationship with the EU that he gave to the leaders of The Netherlands, France and Poland. Legislation to allow a U.K. referendum to take place by the end of 2017, following a renegotiation of EU membership terms, was given priority in his government’s program announced Wednesday.