Bruxism may jeopardize Jaguar's plans in Britain



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As we still do not know what Britain really wants from the EU after leaving the bloc, Friday's meeting is considered crucial if London wants to go ahead with discussions with the representatives of the European Union.

Jaguar Land Rover (JLR), Britain's largest automaker, warned that the so-called "hard brexit" could cost 1.2 billion pounds (1.36 billion euros) a year , which would mean a significant reduction in its activities in the country. What we inevitably need is greater certainty to continue to invest in the UK market and secure our suppliers, our customers and our 40,000 employees in UK factories, "Realfan said. director of Ralf Spetha, Reuters

JLR. Other companies worry about possible damage to their business in the last few weeks if a severe bruxism, ie leaving Britain out of the European Union without a trade agreement with Brussels, occurs

Maya with the ministers to approve the draft trade agreement that May sends to Brussels

It is unclear what Britain really wants to. EU after its departure from the bloc, Friday's meeting is considered crucial if London wants to advance in negotiations with European officials

Siemens pleads for the government

In recent weeks, several large companies, including the builder European Airbus and the German group Siemens. The German German carmaker also expressed concern about the future.

Now Jaguar Land Rover is added. The company said that it "needs a free and transparent trade with the EU and unrestricted access to the single market". "We will have to drastically reduce our investment costs," said Speth, adding that the bad brexette deal would cost more than £ 1.2 billion a year.

At the same time, he pointed out that "in the last five years, the company had invested about £ 50 billion in Britain and plans to invest an additional $ 80 billion over the last five years. coming years. In the case of a bad result in the negotiations of the brexette, these investments will be compromised, adds Speth.

(1 EUR = 0.88310 GBP)

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