28 Nov 2017

No-deal Brexit threat to British motor industry

Washington Correspondent

It’s not just in Dublin that the threat of new trade barriers is causing concern. Ford’s European boss has warned that a no-deal Brexit could cost his company 1 billion dollars a year in tariffs.

Speaking exclusively to Channel 4 News, Steven Armstrong, Ford’s boss in Europe the Middle East and Africa, said a hard Brexit could be “disastrous” and added that if Britain doesn’t remain competitive, then Ford could rethink its plans to invest in Britain. So just how would the imposition of duties on imports and exports hit the company?