Mar 5, 2019

Toyota warns a no-deal Brexit could hit future UK investment

The head of Toyota's European operations has warned that a no-deal Brexit threatens future investment at its UK factory near Derby. Toyota is currently ramping up UK output of its new Corolla, and he said avoiding disruption was critical. He said Toyota would overcome any short-term problems at its Burnaston car plant near Derby, such as logistics, caused by leaving without a deal. The Brexit uncertainty comes after a £240m investment in a new Corolla and the ramping up of production at Burnaston. Ford warned that leaving without a deal would be "Catastrophic" and the body that represents the UK motor industry, the SMMT said investment had already been hit.

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