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Jaguar Land Rover in Liverpool. The worst British automaker Jaguar Land Rover threatens in the case of the so-called heavy Brexit to leave the island "Bad deal for Brexit will cost the Jaguar Land Rover performs more than $ 1.2 billion in profits every year, "said Ralf Spap, executive director of the group, ." We will have to drastically adjust our cost profile, "he explains. The company has has invested about £ 50 billion in the UK in the last five years, for the next five years "But this plan will be in jeopardy if we face the wrong result," he warned. The largest British automaker announced a few days ago that it would move all production from its popular Discovery model to Slovakia to reduce the negative effects of the next Brexit. will lead to a few hundred layoffs in the English factories of the company in addition to the thousand that JLR announced earlier this spring Analysts say it's highly likely that other industries will be redirected to the construction plant in Nitra, Slovakia, which should start work by the end of this year. In addition to Discovery, there will be a new Defender as well as more compact Jaguar crossovers: about nine months before the planned departure of the UK to British managers, skepticism is growing. According to a study published by Deloitte, the auditing and consulting firm, 75% of CFOs are pessimistic about Brexit. They fear that the environment of their company will be badly damaged, but it has become clear that investments in the British auto industry have halved because of fears that Brexit may affect the situation and force them to close their factories. The automakers' badociation said UK investment in new models, equipment and facilities reached $ 347 million ($ 460 million) in the first half, compared with $ 647 million ($ 860 million) in the same period in 2017 The sharp drop is the result of fears that the customs controls that will follow the exit of the EU from Britain may delay the delivery of auto parts needed for trouble-free operation of the aircraft. 39; plant. BMV, which produces Mini worship in a factory near Oxford, warned that the delay would lead to plant closures. Car manufacturers that depend on sophisticated global supply chains are concerned that Brexit will lead to new trade barriers and delays at borders. About 45% of the cars produced in the UK are exported to the EU Member States BMW has 8,000 employees in the UK, its fourth largest market. Nissan, Toyota, Honda and Jaguar Land Rover also have great production capabilities in the UK
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