Carmaker says success of Sunderland operations enabled by frictionless trade with EU
“Hard Brexit is currently not our main scenario but we are preparing for it. We see a 50-50 chance.”
Carmakers chief says leaving the EU without a deal is ‘not an option’
Honda has warned a no-deal Brexit would cost it tens of millions of pounds in additional tariffs and would damage its competitiveness
“In light of the continuing headwinds impacting the car industry, we are making some temporary adjustments to our production schedules”
Boss at firm’s owner Mondelēz warns UK may face higher prices if deal is not agreed
Ralf Speth is concerned delays in the supply chain could halt production and repeats warnings a hard Brexit could cost £1.2bn.
Ralf Speth tells Theresa May he cannot be sure any of firm’s plants in Britain will continue to operate after Brexit.
Combilift has switched a £1 million contract to a German manufacturer, fearing a hard Brexit will hit their existing supply chain.
The Manufacturing Purchasing Managers’ Index (PMI) fell to 52.8 in August.