The Japanese automaker announced the decision, which will imperil 3,500 jobs and possibly many more, at a news conference in Tokyo. The next model of Civic to be sold in Britain will be exported from Japan, the company said. British businesses are issuing increasingly urgent warnings about the damage being done by the uncertainty around Brexit. In presenting the restructuring plan, Hachigo stressed that Honda was striving to adjust to a fast changing global industry. “We have to move more quickly.”But Christian Stadler, a professor at Warwick Business School in England, said Brexit had to be a factor.

Source: National Post February 19, 2019 08:15 UTC