[ad_1]
Jaguar Land Rover (JLR), the UK's largest automaker, said Thursday that a "hard" Brexit would cost it £ 1.2 billion (€ 1.35 billion) a year, making it would lead to a reduction in UK operations.
"We need more certainty to continue to invest heavily in the UK and to protect our suppliers, our customers and our 40,000 employees in Britain," he said. Managing Director, Ralf Speth, in a statement released Wednesday evening.
Jaguar Land Rover (JLR), which unites two iconic automotive brands in the UK, echo those of other companies who fear the impact on their activities of an exit from the United Kingdom of the European Union without a commercial agreement.
"The recent JLR communiqué only reaffirms that a Brexit that increases bureaucracy and reduces productivity and competitiveness britann industry It is not in anyone's interest, "said Tata Motors, JLR's Indian parent company.
The automaker also stressed the need for" free and fluid trade with the EU ". and unrestricted access to the single market. "
" A hard Brexit would cost more than 1.2 billion pounds each year at Jaguar Land Rover. We would therefore be forced to drastically adjust our spending profile, "said Ralf Speth.
He added:
" We have spent about 50 billion pounds in the UK over the last five years and we expect to spend 80 billion more over the next five years. All this would be compromised in the event of an unfavorable outcome. "
The Indian parent company, Tata, abused on the stock market
These statements contributed to the fall of the Tata share in the Indian market: at the end of the session, the title fell 1.67% after falling a little earlier to its lowest level in more than five years
JLR accounted for nearly 77% of the Indian group's revenue over the year tax closes end of March.
Friday, new high-voltage meeting for Theresa May
British Prime Minister Theresa May, to meet with her government on Friday to decide on the strategy to adopt in the negotiations for the departure from the country of the European Union.
This meeting is considered crucial by many observers because of the vagueness that continues to surround the talks with Brussels less than nine months from the deadline of March 2019, at which the exit EU is supposed to
British industrialists
Several members of the British government have recently criticized large groups present in Britain, believing that their statements undermined the position of Theresa May.
Ferrovial the Spanish group specializing in the exploitation of infrastructure, said last month consider transferring its holding company overseeing its international activities from Oxford to Amsterdam.
Airbus also warned of the consequences of the exit of the United Kingdom. Kingdom of the European Union, declaring that a Brexit without agreement on future trade relations with the EU would force it to reconsider its long-term position in the country.
As for the German Siemens, he ruled that Britain should remain in the EU customs union, contrary to what London envisages
[ad_2]
Source link
