A top executive at Toyota has warned that a no-deal Brexit would make it “extremely complicated” to build new models at its British plants, putting thousands of jobs at risk.
Didier Leroy, chairman of Toyota’s European operations, told the Financial Times it would be “extremely complicated” to think about introducing a new model without tariff-free access to the European market.
The warning will raise fears at Toyota plants in the UK. Toyota has two factories in the UK, employing about 3,000 workers at its vehicle manufacturing plant in Burnaston and its engine production facility in Deeside in North Wales.
Commenting, Best for Britain supporter Tonia Antoniazzi MP said:
“This is yet more proof that a no deal Brexit would put Britain in the slow lane. The car industry has already crashed.
“This is another devastating loss of a top Japanese car manufacturer since 2016. Honda is leaving Swindon, Nissan won’t be building its new X-trail car and now Toyota has put on its warning lights.
“This is very worrying, and strengthens the case for a public vote with the option to stay in the EU.”
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