Geely warns against hard Brexit

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The Chairman of Geely, owners of LEVC, has waded into the hard or soft Brexit conundrum by saying that a hard Brexit could cause Britain's motor industry to collapse.

This comment comes on the back of Jaguar Land Rover claiming that a hard Brexit would cost the company over £1 billion per annum.

The cost of transportation across the channel as well as lorries being stuck at the border have been identified as an issue by LEVC chairman, Carl-Peter Forster.

Forster has expressed concerns over the long-term impact a hard Brexit could have, believing that it may only take ten to fifteen years for the car industry to disappear in the UK.

LEVC is looking to expand into France, as well as the UAE, Australia, Singapore and China.

July 07, 2018 at 12:24PM https://ift.tt/2ufVjKI THESE POSTS ARE NOT OUR ENDORSEMENT