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PTI
LONDON: Tata Motors' Jaguar Land Rover warned the British government that a "bad" Brexit deal could jeopardize the investment plans of the country's largest automaker, costing more than 1.2 billion pounds a year and even the strength to close factories and leave the UK.
Britain is expected to leave the 28-member European Union (EU) in March next year, ending its more than 40-year relationship with the bloc. A bad Brexit deal would cost Jaguar Land Rover (JLR) more than 1.2 billion pounds each year, which would require us to drastically adjust our spending profile, "JLR CEO Ralf Speth said in a statement. statement issued yesterday
Comments preceded a crucial meeting between British Prime Minister Theresa May and her cabinet during her Checkers retreat to outline the outlines of a new post-Brexit customs agreement with the US government. European Union (EU) tomorrow
do not want to threaten anyone, but we have made transparent the implications of the move.We want to stay in the UK. "We need more certainty to continue investing mbadively in the UK and protecting our suppliers, our customers and our 40,000 UK employees. "
] JLR is the UK's largest automaker, which has experienced a complete reversal of Since Tata Motors acquired the traditional British brands of Ford 10 years ago.
Speth said that under Indian property, the company had spent about 50 billion pounds. In the UK these last five years, with forecasts of 80 billion additional pounds in the next five years.
However, anything that could be jeopardized by a bad deal with the EU as Britain prepares to leave the economic bloc "We, and our partners in the supply chain are facing an unpredictable future if the Brexit negotiations do not maintain free and frictionless trade with the EU and unlimited access to the single market, "he said. 19659003] The CEO of JLR even indicated that The prospect of a UK exit
"If I have to go out because we do not have the bargain, then we have to close some factories here in the UK and it will be very, very sad.It's hypothetical, and I hope it's an option we'll never have to do, "Speth said. , quoted by the Financial Times.
Meanwhile, Tata Motors Chief Financial Officer, PB Balaji, has stated that Jaguar Land Rover and Tata Motors have He has consistently argued that the uncertainties of Brexit are preventable and that the company is seeking clarification that the Industry makes just and timely decisions to manage the transition. "In addition, Jaguar Land Rover needs full and unrestricted access to the single market to remain competitive, which we firmly believe to be in the best long-term interests of the UK."
"The recent JLR's statement only reaffirms that a Brexit that increases bureaucracy, reduces the productivity and competitiveness of British industry. "Balaji said in a statement
Following the builder's warning Automotive luxury business secretary Greg Clark said that the British government is determined to ensure that JLR can stay in Britain.
"JLR is a great British achievement. We are determined to ensure that it can continue to thrive and invest in Britain, "Clark wrote.
More than 40,000 workers are employed by JLR in the UK, with 260 000 additional jobs in the UK supply chain In 2017, the company sold 621,000 cars, of which 80% are destined for 130 countries
One out of every three cars exported from the UK is a Jaguar or Land Rover, Europe being one of the largest JLR markets with 20% of "If the UK automotive industry is to remain competitive globally and protect 300,000 jobs in JLR and in our supply chain, we must maintain duty-free and customs-free access to trade and talent without changing the current EU. "Electrification and connectivity offer significant economic and productivity opportunities – to make sure that Brexit is bad and that the British, businesses and society in general are losing the ability to drive smart mobility." .
Uncertainty about the Brexit, as well as the future of diesel cars, has already led the automaker to announce a series of changes to its UK business.
At the beginning of the year, JLR stated that it was going to reduce production at its Halewood, Merseyside plant In 1965, it declared that it would not renew the contracts of 1,000 temporary workers at its plant in Solihull, West Midlands, England
. on the Solihull site to allow him to build his new Range Rover models, some of which will be electric, starting in 2020.
Last month, JLR announced that it would move the production of its Land Rover Discovery SUV to a new factory in Slovakia, potentially leading to job losses in the UK.
The Brexit intervention of the company follows similar statements from other manufacturing giants like BMW and Airbus, warning of an exit from the UK in case of Brexit who demolishes the company. free current rowing regime.
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