This article is from the source 'guardian' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at http://www.theguardian.com/business/2016/oct/28/stay-quit-brexit-car-makers-uk-face-tough-choices-nissan
The article has changed 4 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| To stay or quit: Brexit means carmakers in UK face tough choices To stay or quit: Brexit means carmakers in UK face tough choices | |
| (about 1 month later) | |
| Nissan | Nissan |
| The chief executive, Carlos Ghosn, said in September: “If I need to make an investment in the next few months and I can’t wait until the end of Brexit, then I have to make a deal with the UK government. If there are tax barriers being established on cars, you have to have a commitment for carmakers who export to Europe that there is some kind of compensation.” | The chief executive, Carlos Ghosn, said in September: “If I need to make an investment in the next few months and I can’t wait until the end of Brexit, then I have to make a deal with the UK government. If there are tax barriers being established on cars, you have to have a commitment for carmakers who export to Europe that there is some kind of compensation.” |
| Ford | Ford |
| In July, Ford’s chief financial officer, Bob Shanks, said the Brexit vote and currency swings were causing problems for the carmaker and that it would take a hard look at costs. Asked if that meant the engine plants could close, he said: “Everything is on the table, across Europe.” | In July, Ford’s chief financial officer, Bob Shanks, said the Brexit vote and currency swings were causing problems for the carmaker and that it would take a hard look at costs. Asked if that meant the engine plants could close, he said: “Everything is on the table, across Europe.” |
| General Motors | General Motors |
| This week GM said thousands of jobs were at risk at its UK Vauxhall factories because the firm had taken a $400m (£329m) hit as a result of the Brexit vote. GM said it was “prepared to take whatever action is necessary” and described the UK as “a speed bump on our path”. | This week GM said thousands of jobs were at risk at its UK Vauxhall factories because the firm had taken a $400m (£329m) hit as a result of the Brexit vote. GM said it was “prepared to take whatever action is necessary” and described the UK as “a speed bump on our path”. |
| Toyota | Toyota |
| The executive vice-president, Didier Leroy, said in September: “The challenge for all of us in the UK is to stay competitive because 85% of our production from the UK plant is exported to contintental Europe. If 85% has to pay trade duties it will be very, very tough.” | The executive vice-president, Didier Leroy, said in September: “The challenge for all of us in the UK is to stay competitive because 85% of our production from the UK plant is exported to contintental Europe. If 85% has to pay trade duties it will be very, very tough.” |
| Jaguar Land Rover | Jaguar Land Rover |
| The chief executive, Ralf Speth, hinted in September that future investment for the company might be outside the UK: “We have to realign all of our thinking and work on how to handle this Brexit best,” he said. Asked whether that could include axing UK investment, he said: “Everything.” | The chief executive, Ralf Speth, hinted in September that future investment for the company might be outside the UK: “We have to realign all of our thinking and work on how to handle this Brexit best,” he said. Asked whether that could include axing UK investment, he said: “Everything.” |
| Society of Motor Manufacturers and Traders | Society of Motor Manufacturers and Traders |
| The chief executive, Mike Hawes, said in September: “The current uncertainty is not conducive to attracting manufacturing investment to the UK.” | The chief executive, Mike Hawes, said in September: “The current uncertainty is not conducive to attracting manufacturing investment to the UK.” |