Jaguar Land Rover has joined BMW and Nissan in calling for “greater certainty” on Brexit warning that a bad deal could could cost the company more than £1.2 billion in profits annually.
The calls comes on the back of similar warnings from BMW and Nissan. Jaguar Land Rover boss Dr Ralf Speth said the company’s “heart and soul was in the UK”.
He said: “However we, and our partners in the supply chain, face an unpredictable future if the Brexit negotiations do not maintain free and frictionless trade with the EU and unrestricted access to the single market. We urgently need greater certainty to continue to invest heavily in the UK and safeguard our suppliers, customers and 40,000 British-based employees.”