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Perspective of "bad Brexit" terrified Jaguar
Source: AFP / Archive
Traditional brand fears billions of dollars and threatened with ; investment adjustment
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"The heart and & # 39; soul" Jaguar Land Rover would be in the UK, said Ralph Speth, general manager of the luxury automaker. since 2008 belongs to the Indian company Tata Motors. "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," added the German director.
Jaguar Land Rover "urgently needs more security to continue investing significantly in the UK and to secure its suppliers, customers and 40,000 UK-based employees," Speth said. A "Poor Brexit" – with trade barriers between the UK and its major trading partners – could cost Jaguar Land Rover more than 1.2 billion pounds (1.3 billion euros) in annual profits .
"As a result, we would need our investment profile to adjust drastically," Speth warned. According to his statements, Jaguar Land Rover plans to invest 80 billion pounds in the next five years.
In 2017, Jaguar Land Rover sold a total of 621,000 vehicles, about 80% of which were sold abroad. Every third car exported from the UK carries the Land Rover or Jaguar brands. The European continent is one of the most important sales markets.
Following Speth's warning, Unite Union appealed to the British government to negotiate an agreement on Brexit "which benefits the workers of this country". Union leader Len McCluskey warned conservative Conservatives of Prime Minister Theresa May to play "Russian Roulette" with "our jobs". On May 29, 2019, the Council of Ministers will meet for a Brexit meeting. should be done. It will also develop plans for future trade and customs agreements with the EU. The May Cabinet is divided on these issues
In recent weeks, several large corporations have warned of the imponderables caused by Britain's withdrawal from the European Union. The European aircraft manufacturer Airbus has demanded a clear agreement and otherwise threatened its withdrawal from Britain; Siemens and BMW have also warned vigorously about the consequences of Brexit.
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