Jaguar warns against bad agreement on brexite – euractiv.sk

The British automaker, which is also investing in Slovakia, could break ties between the United Kingdom and the European Union, could cost 1.2 billion euros.

Jaguar Land Rover (JLR), Britain 's largest automaker, warned that it was costing 1.2 billion euros (1.36 billion euros) a year, which would result in a significant reduction of its activities in the country.

"What we absolutely need, is more certainty to continue to invest in the UK market Ralf Spetha, Director of Automotive Reuters

Meanwhile the British Government

JLR has added to from other companies who have been concerned about the potential damage to their business in recent weeks, there is a so-called hard bruxism, ie the departure of the Great Britain of the European Union without a trade agreement with Brussels

What Slovakia can look for in brexite beware

Slovakia is most interested in rights and money The foreign group commented on how Slovakia is preparing for the brexit and where its main priorities are.

The companies are waiting for the meeting of British Prime Minister Theresa May with the min to approve the draft commercial agreement May sent to Brussels on 6 July. As we still do not know what Britain really wants from the EU after leaving the bloc, Friday's meeting is crucial if London wants to move forward with European leaders

Several Large companies have pushed the British government in recent weeks including the European aircraft manufacturer Airbus and the German group Siemens. The German German car manufacturer has expressed concern about the future

Less investment in Britain

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 deal on Brexite would cost more than £ 1.2 billion a year.

At the same time, he pointed out that in the past five years, the company had invested about 50 billion pounds sterling in Britain and plans to invest another 80 billion over the next five years. In the event of an adverse outcome of the negotiations on the brexette, these investments will be compromised, he adds.

JLR is building a new factory in Slovakia, representing an investment of 1.4 billion euros. Production will begin in September 2018. The SME information letter indicates that already in June 2018, the plant employs 1,300 employees. At the end of this year, it will be 1500 and between 2021 and 2800.