• Thursday, December 08, 2022

Business

Jaguar Land Rover: Brexit must be fair for all

JLR CEO Ralf Speth speaking at the Paris auto show

By: Eastern Eye Staff

Jaguar Land Rover (JLR) has revealed it is working on an electric car while also saying it may have to “realign its thinking” on investment after Britain’s vote to leave the EU. Britain is expected to begin formal divorce talks from the European Union by March 2017, it emerged last weekend. Discussions could last two years, and there are growing concerns among carmakers about the implications of a “hard Brexit”, which would leave firms paying tariffs to export UK-assembled cars to EU markets. Nissan chief executive Carlos Ghosn said last Thursday (29) that he would halt new investment in Britain…

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