Brexit carmakers could lose more than £100m ($127m) a day without a UK deal as increased border checks would slow down Europe-wide production lines. Toyota said it only held four hours’ worth of parts at its Brexit factories, which make £10m per day. Jaguar Land Rover said a shutdown forced by a no-deal UK could cost it £60m per day. Industry observers said automakers were desperate for any deal, as long as it avoided no-deal. Other large Brexit carmakers Nissan, BMW and Honda have not said how much a no-deal exit could cost, although they said it would create disruption.
UK carmakers could lose more than £100m ($127m) a day without a Brexit deal as increased border checks would slow down Europe-wide production lines. Toyota said it only held four hours’ worth of parts at its UK factories, which make £10m per day. Jaguar Land Rover said a shutdown forced by a no-deal Brexit could cost it £60m per day. Industry observers said automakers were desperate for any deal, as long as it avoided no-deal. Other large UK carmakers Nissan, BMW and Honda have not said how much a no-deal exit could cost, although they said it would create disruption.