Airbus and Ford have warned about potentially disastrous consequences of a no-deal Brexit. The planemaker’s CEO Tom Enders said Airbus would have to redirect its future investment and could not guarantee its UK factories could survive. He said a no-deal would mean Airbus having to make “potentially very harmful decisions” for the UK. Ford said a no-deal would cost it $800m in March 29 because of new costs and an expected fall in the pound. Airbus employs 14,000 people in the UK and Ford employs 13,000.
Airbus and Ford have warned about potentially disastrous consequences of a no-deal Brexit. The planemaker’s CEO Tom Enders said Airbus would have to redirect its future investment and could not guarantee its UK factories could survive. He said a no-deal would mean Airbus having to make “potentially very harmful decisions” for the UK. Ford said a no-deal would cost it $800m in 2019 because of new costs and an expected fall in the pound. Airbus employs 14,000 people in the UK and Ford employs 13,000.