Hard Brexit will cost Ford £615m this year, carmaker warns

fatbob5 wrote: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.


Sky News has learnt that 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. .....................


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fatbob5 wrote: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.


Sky News has learnt that 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. .....................


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