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Nairaland Forum / Entertainment / Celebrities / Hard Brexit Will Cost Ford £615m This Year, Carmaker Warns (221 Views)
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Hard Brexit Will Cost Ford £615m This Year, Carmaker Warns by Femamen(m): 3:41pm On Jan 25, 2019 |
The estimate of how much a hard Brexit would cost Ford is among the largest made by a single company so far, Sky News can reveal.Ford is trimming its portfolio of models as part of changes to the business A hard Brexit will cost Ford as much as $800m (£614m) this year alone as a result of World Trade Organisation (WTO) tariffs and the weakening pound – one of the biggest individual company hits forecast so far from the UK crashing out of the EU. Ford executives, who have already outlined plans for a wide-ranging restructuring of its operations in Europe, have privately calculated that a no-deal departure would have a severe impact on the company's profits in the first nine months of Britain's post-Brexit existence. read more.. source: https://fematrend..com/2019/01/hard-brexit-will-cost-ford-615m-this.html
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