'HARD BREXIT' MAY FORCE JLR TO SHUT UK OP­ER­A­TIONS

Business Today - - THE BUZZ -

Jaguar Land Rover (JLR) has said a "hard Brexit" will cost it $1.59 bil­lion a year, cur­tail­ing its fu­ture op­er­a­tions in the United King­dom. "We ur­gently need greater cer­tainty to con­tinue to in­vest heav­ily in the UK and safe­guard our sup­pli­ers, cus­tomers and 40,000 Bri­tish-based em­ploy­ees," JLR Chief Ex­ec­u­tive Ralf Speth said in a state­ment. JLR is Bri­tain's largest car­maker.

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