The head of Ford of Europe has issued a fresh warning that a no-deal Brexit would be a “catastrophe” for the motor industry. I have been very vocal publicly that a no-deal Brexit would be a catastrophe for our industryHowever, he said that if the firm were to face tariffs and “frictions” at the border as a result of a no-deal Brexit it would put a “significant burden” on their business. “I have been very vocal publicly that a no-deal Brexit would be a catastrophe for our industry,” he said. “That doesn’t mean that we would immediately close all the facilities in the UK, but it would make it much more difficult for the facilities to be competitive. “In the last two years or so there has been a significant change in the dynamic in the auto industry.

Source: Irish Examiner July 08, 2019 17:36 UTC