Money

Jaguar Land Rover to close UK factories for a week over Brexit


© Reuters. FILE PHOTO: New Land Rover cars are seen in a parking lot at the Jaguar Land Rover plant at Halewood in Liverpool, northern England.

GAYDON, England (Reuters) – Britain’s biggest carmaker, Jaguar Land Rover, will close its British factories for a week in November to cope with Brexit, its boss said on Thursday, a plan automakers are adopting to help prepare for any disruption resulting from a no-deal.

Asked whether the firm was thinking about shutting its British factories, which include three car facilities and one engine plant, in the month after Brexit is due to take place on Oct. 31, Chief Executive Ralf Speth said: “We cannot think about it, we just have to do it.”

Asked by reporters at an event to mark the opening of a new advanced product creation centre in Gaydon, central England, he said it would last for a week.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

Leave a Reply

This website uses cookies. By continuing to use this site, you accept our use of cookies.