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Toyota may pull out of U.K. production in 2023 if no-deal Brexit

  • March 6, 2019
  • , Kyodo News , 10:16 p.m.
  • English Press
  • ,

GENEVA — Toyota Motor Corp. said Wednesday it may pull out of production in Britain around 2023 if the country exits the European Union without an agreement, as the tariff burden will likely increase.

 

Johan Van Zyl, Toyota Motor Europe CEO, told reporters on the sidelines of the Geneva auto show that the company sees withdrawal from production in Britain as an option in the event of a no-deal Brexit.

 

Amid uncertainty over Britain’s departure from the European Union scheduled for March 29 if negotiations are not extended, Honda Motor Co. said recently it will close its auto plant in the country in 2021.

 

Nissan Motor Co. also said it was canceling a plan to produce the new model of the X-Trail sport utility vehicle at its plant in northeastern England.

 

Toyota currently operates an assembly plant in Derbyshire and an engine plant in Flintshire, North Wales.

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