There are four big issues troubling the automotive industry and leaving the EU isn’t one of them
Ford and Jaguar Land Rover rue the day when the UK voted to leave the European Union. They now back Theresa May’s withdrawal deal because they would prefer their supply chains to face as little disruption as possible. With the clock ticking towards the 29 March departure date, both companies have warned of the consequences of a no-deal Brexit.
All that said, the job losses announced by the two companies had precious little to do with what’s been going on in the UK over the past two and a half years. No question, Brexit is something they could do without, but it is much less significant than the four big structural issues facing the global automotive sector.