Ford Warns that a Hard Brexit Would Be “Catastrophic”
Ford Motor Co. warns it will take whatever action is needed to defend its operations in Europe if the U.K. leaves the European Union in March with no replacement trade deals in place.
#economics #labor
Ford Motor Co. warns it will take whatever action is needed to defend its operations in Europe if the U.K. leaves the European Union in March with no replacement trade deals in place.
The company declares that a no-deal Brexit would be “catastrophic” for the British auto industry and Ford’s enginemaking operations in England. A local media report says the company warned Prime Minister Theresa May that it has accelerated steps to relocate production outside the U.K.
Ford no longer assembles vehicles in England. But most of its 13,000 employees there build engines and transmissions for export, mainly to facilities in the EU.
Like other auto industry members, the company has repeatedly warned that a “hard” Brexit that results in import and export tariffs on vehicles and components could spark the demise of the British auto industry.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Enterprise Edges into Self-Driving Car Market
U.S. rental car giant Enterprise Holdings Inc. is the latest company to venture into the world of self-driving vehicles.