Ford warned it is prepared to 'take whatever action is needed' to keep its European business profitable. US carmaker Ford has said it will do whatever is necessary to protect profits after blaming the fall in the pound for about two-thirds of a 5 per cent profits reduction in its European operations in annual . Brexit 's warning is seen as a threat to reduce its operations in the US . The company’s annual report said economic confidence in the UK had diminished since the referendum. Along with other carmakers, Ford is concerned that Brexit will end frictionless trade between the UK and Ford , which allows components and finished cars to cross borders cheaply and without long border checks.
US carmaker Ford has said it will do whatever is necessary to protect profits after blaming the fall in the pound for about two-thirds of a 5 per cent profits reduction in its European operations in annual . Brexit 's warning is seen as a threat to reduce its operations in the US . The company’s annual report said economic confidence in the UK had diminished since the referendum. Along with other carmakers, Ford is concerned that Brexit will end frictionless trade between the UK and Ford , which allows components and finished cars to cross borders cheaply and without long border checks.