US automotive manufacturer Ford Motor Company has declared to Theresa May, the British Prime Minister, that preparations were expedited to pull production from the UK. The carmaker stated in a meeting held with the Prime Minister and the business people that the production will be moved to alternative countries abroad.
Ford produce engines in two plants in the UK. If the UK leaves the European Union without any deal, the company will face a cost of up to $ 1 billion.
utomobile industry producers and other manufacturers have warned that Brexit will cause high tariffs, disruptions in the supply chain and difficulties in the employment of workers in the UK. Britain is scheduled to leave the European Union on March 29.
