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Jaguar Land Rover's planned investment in the United Kingdom will be "threatened" if Brexit raises tariffs, warned its director general on the eve of a crucial meeting of the government.
"We and our suppliers face an unpredictable future if the Brexit negotiations do not maintain a tariff-free and unimpeded trade relationship with the EU and unrestricted access to the single market", was alarmed Ralf Speth, Managing Director of JLR, speaking in the British press on Thursday morning
The Jaguar Land Rover (JLR), a member of the group, is the badociation of two prestigious British car brands. Indian Tata Motors.
According to Speth, "a bad Brexit deal would cost JLR more than 1.2 billion pounds of profit per year" (1.35 billion euros).
"Therefore, we should drastically review our spending plan – we have spent 50 billion pounds in the UK in the last five years and plan to spend 80 billion more in the next five years," said the executive director. , adding that "all this would be threatened if we had to deal with a bad result" of the negotiations.
The builder employs about 40,000 people in the UK including 10,000 in Solihull, near Birmingham (central England), where he said in early June to consider a "significant investment" to manufacture new models of sports cars.
At the same time, JLR had also announced the relocation of the production of its Discovery SUV Discovery United Kingdom to Slovakia
Speth's warning comes on the eve of a crucial meeting of Theresa May's government which is expected to unify its position on Friday. the delicate question of the future commercial and customs relationship with the EU
Before JLR, several European industrial florists, like BMW, Airbus or Siemens, put pressure on the government by threatening to reduce the wing or even to leave the United Kingdom if the negotiations between London and Brussels do not reach a result which satisfies them more quickly
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