Jaguar Land Rover and Toyota bosses confirm commitment to UK investment in the face of last week's EU referendum vote

Britain’s car industry has stressed that it is ‘business as usual’ despite the challenges of coping with the Brexit vote.

"This is not the result that the car industry hoped for, but the industry must now move to make the change as smooth as possible," says SMMT CEO Mike Hawes.

The announcement comes just hours after the SMMT published last year's industry figures, revealing how strong growth was before the EU referendum.

Speaking at the SMMT’s annual automotive summit, Hawes said: "We face some short-term uncertainty and the future of the car industry is of acute concern, but at the moment the industry is in a very healthy condition and it’s business as usual."

The SMMT has identified three key areas where trade negotiations with the EU must be successful: competitiveness, access to the EU market and access to an international talent pool.

Also facing the press this morning were Jaguar Land Rover strategy director Adrian Hallmark and Toyota Europe boss Johan van Zyl.

"The European market is important, but we are a balanced business and export 80% of our production and we are committed to Britain," said Hallmark.

JLR employs 40,000 people in the UK.

"We have coped with recessions and various problems over the years and Brexit is just another problem we will have to rise to and overcome," he added. 

Hallmark also reiterated JLR’s commitment to its new plant in Nitra, Slovakia, which has a build capacity of 150,000 aluminium-bodied cars and an eventual workforce of 2800.

Van Zyl said that Toyota will "continue with its business in the UK and continue to support it.

"Our next task is to study the implications of Brexit, along with our industry partners, and find a long-term solution. I don’t want to speculate on what might happen. The job now is to stabilise our business."

Toyota’s Burnaston plant is one of nine European manufacturing plants and has taken its share of Toyota’s €9 billion investment.

Significantly, Van Zyl said its manufacturing plan is committed to the two current models built at Burnaston – the Auris and Avensis - for "the short and medium-term".’

Nissan has confirmed that it will expand production at its Sunderland production site, despite Brexit concerns

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Comments
6

29 June 2016
JLR, owned by Tata in India, has it's major markets in North America, China and the UK - mainland Europe is a minor market so JLR won't be adversely affected by Brexit - indeed may benefit from reduced regulation.

29 June 2016
Reduced regulation ? Great, so we can look forward to less safe cars that spew out more crap from their exhausts, wonderful.

29 June 2016
Ruperts Trooper wrote:

JLR, owned by Tata in India, has it's major markets in North America, China and the UK - mainland Europe is a minor market so JLR won't be adversely affected by Brexit - indeed may benefit from reduced regulation.

If you look at the website www.left-lane.com which tracks car sales in Europe and the US you will see that Europe accounts for more sales of JLR products than the US (admitedly the XE has only just gone on sale in the US).

The figures for January - April 2016 are:

Europe. (taking off the SMMT figures for the UK alone).
Jaguar - 11622
Land Rover - 33096.

USA.
Jaguar - 6084
Land Rover - 25993.

UK. (SMMT monthly reporting).
Jaguar - 8066
Landrover - 30600.

Assuming the figures are correct, Europe is indeed a very important market

29 June 2016
Read a good article from outside Britain or the EU this morning, which likened Brexit to the Y2K bug: loads of hysteria and panic, followed by no real after-effects once everyone settled down and started behaving sensibly again.

29 June 2016
Haven't we been through this before when we turned the Euro down

 

Hydrogen cars just went POP

29 June 2016
Why would Germany and France want to stop their citizens buying UK made cars, we in the UK buy even more German brand and French cars from them. For the EU to impose tariffs or other restrictions on UK goods we would surely just match them and as we import more form them than they do from us the pain would be all theirs.

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