Toyota could leave UK under no-deal Brexit - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Toyota could leave UK under no-deal Brexit Toyota Europe’s CEO has warned the firm could end production in Britain by 2023 if the country exits the European Union without a deal. sabcnews

Johan van Zyl told reporters that if the business environment becomes difficult to operate a withdrawal would be on the agenda.

But he stressed that Toyota’s position on Brexit was unchanged, namely “that a hard landing is not desirable.”The reported 2023 date is related to the firm’s production cycle. The British parliament is due to vote next week on a final version of a proposed exit deal. But if MPs again reject it, they will then vote on whether to leave with no deal or delay Brexit.

Last month, Honda announced it would shut a major plant in Britain, putting 3 500 jobs at risk and becoming the latest Japanese firm to downsize operations as Brexit looms.

 

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