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Jaguar Land Rover fears slowing of Brexit sales © APAweb Andrew Yates Jaguar Land Rover fears Brexit sales decline © APAweb, afp, Andrew Yates
LONDON UK economy, worries over "bad" Brexit deal increase Already several companies have asked for a withdrawal from Britain, warned Thursday the traditional car brand Jaguar Land Rover of potential billions of dollars and threatened with the risk of a "bad" deal. a "drastic" adjustment of the investment budget.
The "heart and soul" of Jaguar Land Rover in the UK, said Ralph Speth, general manager of the luxury car maker, which belongs to the Indian company Tata Motors since 2008. "However, We and our supply chain partners are facing an unpredictable future, if the Brexit negotiations do not maintain a free and harmonious trade with the EU, "adds the German director.
Jaguar Land Rover "needs more security" investing heavily in the UK and covering our suppliers, our customers and our 40,000 UK-based employees, "said Speth. A "Poor Brexit" – including trade barriers between the UK and its major trading partners – could cost Jaguar Land Rover more than $ 1.2 billion a year (just under $ 1.4 billion). ; euros).
we drastically adjust our investment profile, "Speth said, according to him, Jaguar Land Rover plans to invest 80 billion pounds in the next five years.
In 2017, Jaguar Land Rover has sold a total of 621,000 vehicles, about 80% of which are sold abroad.Every third car exported from the UK carries the Land Rover or Jaguar brands.The European continent is one of its Key Markets
According to Speth's statement, the largest union, Unite, called on the British government to negotiate an agreement on Brexit "that benefits the workers of this country." The Union's chief, Len McCluskey, warned conservative Conservatives of Prime Minister Theresa May to play "Russian roulette" with "our jobs."
Cabinet retired
In recent weeks, several large companies have been threatened by imponderables: British withdrawal from the Union The European aircraft manufacturer Airbus has demanded a clear agreement and otherwise threatened its withdrawal from Britain; Siemens and BMW have also vigorously warned of the consequences of Brexit.
The skepticism that is spreading about nine months before the planned UK withdrawal of British boards is palpable. In a survey released Monday by audit and consulting firm Deloitte, 75% of CFOs were pessimistic about Brexit. They fear that their business environment will be damaged.
On Friday, May plans to bring his government together for a major meeting on Brexit to be held on March 29, 2019. He will also develop plans for future trade and customs agreements with the EU. The May government is divided on these issues. On the EU side, people repeatedly speak of "unrealistic" British ideas.
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