Jaguar Land Rover says it's business as usual after Brexit vote

[dutchman]

City motoring giant insists investment decisions will not change after vote to leave European Union

Coventry car maker Jaguar Land Rover has pledged it will be business as usual after UK voters opted to leave the EU.

The company had strongly backed the Remain campaign, with its chief executive Ralf Speth one of the co-signatories on a letter from UK business leaders stressing Britain was better off in the EU than out of it.

More recently the company urged voters to back the Remain campaign, saying that staying in the EU would help it create more jobs in the UK.

In the wake of the referendum result a Jaguar Land Rover corporate spokesman said: “For Jaguar Land Rover, today is just business as usual.

“We are a British business with a strong manufacturing base in this country, we call Britain home and we remain committed to all our manufacturing sites and investment decisions.

“We respect the decision of the British people and in common with all other businesses, JLR will analyse the issues arising from it - as of today, nothing has changed for us or the rest of the British automotive industry.

“Europe is a key strategic market for our business, comprising 20 per cent of global sales, and we remain absolutely committed to our customers in the EU.”

The car maker also pledged to work with the powers that be to ensure any transition would be as smooth as possible.

The spokesman added: “There will be a significant negotiating period, and we need to understand more about that as details emerge.

“We will work hard with all parties to ensure that the importance of the British automotive industry is fully understood at every level of the negotiation process.”

[rebbonk]

There was never any chance otherwise, immediately.

However, long-term, they may well look at the cheaper countries to produce in; it is up to our politicians to ensure that they don't.