Jaguar boss in the ‘terrible’ Brexit warning

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The boss of Britain’s largest car manufacturer, has warned the government to “the right Brexit”, or could his company to wipe out profits and in the end, in large job cuts.

Jaguar Land Rover, Ralf Speth, called the prospect of a cliff-edge break with the European Union as “appalling”.

He spoke at a conference in Birmingham, where Theresa May introduced a £106 “green” car initiative.

A spokesman for the Prime Minister said her Chequers Brexit proposals contain protection measures for the car industry.

Mr. Speth, who warned before the Brexit – the impact on JLR, said that if the “wrong decisions” were taken in the negotiations with Brussels, it could in the “worst of times” for the UK and costs the company more than £1.2 billion in the year.

“There is no friction on the border brings the company in danger,” he said on the UK’s first Zero-Emission vehicle summit.

“We are absolutely single-minded in the United Kingdom, it is our home. But a tough UK to exit the EU, Jaguar Land Rover will cost more than £1.2 billion a year – it is frightening that, while our profit, to the destruction of investments in the Autonomous, zero-emissions, we want to share.”

He said that if the poor UK productivity has worsened after brexit would be, he would be forced to move production somewhere, e.g. in Poland, where it was cheaper to build cars.

About a quarter of a million people in the UK are based directly or indirectly on the success of his company, Mr. Speth said.’Good Offer’

He also criticized the policy for the implementation of more regulations and higher taxes for all diesel vehicles, when he said that newer diesel-produced vehicles of JLR were as green as gasoline cars.

Mrs may said the official spokesman of the government to protect the Escape plan would industries that depend on the swift import and export of products.

“The Chequers plan includes concrete proposals to safeguard jobs in industries such as the Auto industry, that rely on just-in-time supply chains.

“The General rule book would help, to ensure smooth flow of trade with the EU and would see that our Auto sector will continue to grow and thrive,” he added.

The spokesman said the government was “concerned with the automotive industry in this process… We work a good deal and the watch is confident that it will succeed.”