Oct 2, 2018

Vauxhall owner warns of 'dramatic consequences' of Brexit

The owner of Vauxhall has warned of "Dramatic consequences" for its UK plants if there is a no-deal Brexit. The head of Toyota Motor Europe has said a Brexit without a deal would affect the firm's investment decisions, and last week Toyota UK warned that a no-deal Brexit would temporarily halt output at its plant in Burnaston, near Derby. BMW has said it will close its Mini plant in Oxford for a month following Brexit while Jaguar Land Rover has warned that a "Bad" Brexit deal would threaten £80bn worth of investment plans for the UK and may force it to close factories. Mr Tavares said: "Brexit is Brexit. We did not decide it. It is something that was decided by the UK people and we respect that, but if there are consequences coming out of a no-deal situation then so be it." The European head of PSA, Maxime Picat has also been discussing the impact on the business if the company had to make cars separately for the UK and EU markets after Brexit.

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