Oct 2, 2018
Toyota says no-deal Brexit would impact investment
Toyota Motor Europe chief Johan van Zyl has said a Brexit without a deal would impact the firm's investment decisions. Many carmakers in Britain have warned a bad or no Brexit deal would be damaging for the UK car industry. "If we have anything that has an impact on your competitiveness of manufacturing in the UK, it will definitely have an impact on future investment decisions," Mr van Zyl said in response to a question about a "No-deal" Brexit scenario. Asked about the Burnaston plant's future, Mr van Zyl said Toyota had made the investment because they "Trust our people" but that a "Very bad" deal would impact investment decisions. A host of carmakers in Britain, including Nissan and Jaguar, have warned a bad or no Brexit deal would be damaging for the UK car industry.
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