Sep 10, 2019

PSA boss compares no-deal Brexit to train crash

The head of the car group that owns Vauxhall has compared a no-deal Brexit to a head-on train crash. PSA chief Carlos Tavares also said if a no-deal Brexit had serious consequences for the car group, there would be an ethical responsibility to protect employees outside the UK. He said the firm would take "Necessary decisions" regarding PSA's UK plants. PSA also said it had halted investment at its UK factories while the outcome of Brexit remains unclear. The company made it clear the investment would only take place if a suitable Brexit deal was reached. Also at the Frankfurt show, another PSA executive, the head of the company's Opel and Vauxhall brands, Michael Lohscheller, said Vauxhall could not make investment decisions "Without knowing what will happen" with Brexit.

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