Two of the UK’s largest car manufacturers say they will carry on building cars here despite the clear statement by Theresa May that Britain will leave the European Union (EU) single market.
Toyota has also stated it intends to carry on producing cars and engines at its factories in Burnaston, Derbyshire and Deeside in North Wales.
Talking at the World Economic Forum in Davos, Switzerland, Toyota Chairman Takeshi Uchiyamada told Bloomberg Television: ‘We can survive this. We don’t tend to close or move factories when things like this happen and it will be the same in the UK."
Nissan and Toyota, along with Honda, were attracted to the UK because of its EU membership and access to the single market that guarantees exports to other member states without tariffs.
Theresa May’s Brexit statement made it clear that Britain will no longer be part of this bloc when it leaves the EU.