Jaguar Land Rover Chief Executive Ralf Speth spoke in an interview given to the Financial Times.
Reuters with this:
- "A bad Brexit deal would cost Jaguar Land Rover more than 1.2 billion pounds in profit each year. As a result, we would have to drastically adjust our spending profile; we have spent around 50 billion pounds in the UK in the past five years - with plans for a further 80 billion pounds more in the next five"
- "This would be in jeopardy should we be faced with the wrong outcome."
Is anyone even mildly surprised by this? Apart from the knuckleheads happy with no deal that is.
JLR won't be the only ones.
