‘No-deal would be a disaster,’ says Ford boss
- Credit: PA Archive/PA Images
Ford's European boss has warned of the 'disastrous' impact of a no-deal Brexit.
The motoring giant told Theresa May that crashing out of the European Union could leave the firm with no choice but to reconsider its 'future investment' in the UK.
Steven Armstrong, Ford's group vice president, said a hard Brexit was a 'red line' for his company.
He said in a statement: 'It could severely damage the UK's competitiveness and result in a significant threat to much of the auto industry, including our own UK manufacturing operations.
'While we think this is a worst-case scenario and that a UK-EU deal will be reached, we will take whatever action is necessary to protect our business in the event of a hard Brexit.
You may also want to watch:
'It's vital that any UK-EU deal maintains frictionless trade, and we know from our own experience that a Canada-style deal will not deliver a seamless UK-EU border.
'We export engines and import vehicles under the current EU-Canada deal and there are significant customs and border checks at both ends. If this was introduced for all UK-EU trade, the level of congestion and blockages at the ports would undermine our just-in-time manufacturing system.'
- 1 Brexiteer Prue Leith quits Tory Party after government votes down motion to protect UK food standards
- 2 Public slams Brexit Party tweet which shames Tory MPs who voted against free school meals
- 3 Piers Morgan must expose the government's Brexit betrayal
- 4 Group in protest against Tory MPs who voted down free school meals targets offices with empty plates
- 5 Tory minister blames journalists for NHS Test and Trace failure as he defends Dido Harding
- 6 Peers set to remove law-breaking sections of Boris Johnson's Brexit bill
- 7 Michel Barnier postpones Brussels return as Brexit trade talks in London continue
- 8 Brexit shambles: A stress of our own making
- 9 Priti Patel set to hand private firms £28 million in government contracts to deport asylum seekers from UK
- 10 These are the 322 Tory MPs who voted against extending free school meals to children
Speaking to the BBC he added that a no-deal outcome would 'force us to think about what our future investment strategy for the UK would be'.
Ford has factories in Dagenham, Bridgend and Merseyside.
If the UK is to remain competitive, any UK-EU trade deal must ensure guaranteed frictionless trade so that industry can plan for the longer term, he added.
Become a Supporter
The New European is proud of its journalism and we hope you are proud of it too. We believe our voice is important - both in representing the pro-EU perspective and also to help rebalance the right wing extremes of much of the UK national press. If you value what we are doing, you can help us by making a contribution to the cost of our journalism.