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Toyota warns on building new models in UK after Brexit


One of Toyota’s top executives has warned a no-deal Brexit would make it “extremely complicated” to build new models at its British plants in the latest blow to the health of the UK car industry. The warning by Japan’s biggest carmaker that no-deal makes it less likely it will manufacture additional models in the UK follows Nissan’s recent reversal of a 2016 decision to build a sport utility vehicle in Sunderland and Honda’s planned Swindon closure. It also comes against a backdrop of steep falls in investment in the UK car industry.

Financial Times - March 5, 2019

View the full story here: https://www.ft.com/content/368a3b68-3ea4-11e9-9bee-efab61506f44