Jaguar Land Rover and Toyota bosses confirm commitment to UK investment in the face of last week's EU referendum vote.
29 Jun 2016 | 3120 Views | By Julian Rendall, Autocar UK
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 ...
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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 euro 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".’