Jul 4, 2018

Jaguar Land Rover boss: Brexit threatens £80bn UK investment

Jaguar Land Rover has warned that a "Bad" Brexit deal would hit its profits and threaten its £80bn investment plans. The warning comes ahead of a cabinet meeting to finalise a Brexit White Paper on Friday. "Jaguar Land Rover chief executive Ralf Speth said:"A bad Brexit deal would cost Jaguar Land Rover more than £1.2bn profit each year. The warning follows similar statements from BMW and Airbus. "We are in an absolutely critical moment in the Brexit discussions and what that means is that we need to get behind Theresa May to deliver the best possible Brexit," he said.

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