Jaguar threatens on Brexit dear with the departure of the United Kingdom



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Jaguar

A bad Brexit deal could cost Jaguar Land Rover a lot



(Photo: Reuters)

London The largest British automaker Jaguar Land Rover (JLR) does not exclude a goodbye to the island in case of Brexit difficult. "A bad contract on Brexit would cost Jaguar Land Rover more than 1.2 billion pounds of profit each year," said group CEO Ralf Speth. "As a result, we should drastically adjust our spending profile."

The company has spent about 50 billion pounds in the UK in the last five years. Over the next five years, an additional £ 80 billion is planned. "It would be in danger if we faced the wrong result," Speth warned. A complete decision would come for the JLR boss, however, only in question, if it would be the only solution "to save the business."

JLR has already announced its model SUV Discovery in a plant in Slovakia also build. The decision has nothing to do with Brexit, he says there.

About nine months before British plans to leave the EU, there is growing skepticism on the executive floors of the island. In a survey released Monday by audit and consulting firm Deloitte, 75% of CFOs were pessimistic about Brexit. They fear that their business environment will be damaged

"The economy has been patient for the last two years," said BCC General Manager Adam Marshall. Now the barrel is overflowing.

The British government plans to hear on a plan for future relations with the EU on Friday during a special meeting on the Checkers area. But the cabinet is still deeply divided. Some call for a clear break with Brussels. Others want to stay as close as possible to the EU and its institutions.

For the economy, it is mostly clear where the trip is going. "Less than nine months before Brexit Day, we are closer to the answers businesses need than the day after the referendum," Marshall said. A list of 24 key questions on Brexit indicates that only two are answered, the newspaper said.

Many businesses, Marshall said, are already considering alternatives to investing in the UK. Companies like Airbus, BMW and Siemens have warned in recent weeks that they had to plan for the worst, if a reasonable plan was not to arrive soon.

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