Boris Johnson has been warned by both Ford and BMW over the dangers of a no-deal Brexit.
Harald Kruger the chief executive of BMW said on Thursday that a no-deal Brexit will be a “lose, lose” situation for the UK and the EU.
A journalist asked Kruger does he have anything to say to Johnson. He said, “Listen to the economy and listen to the people. He needs to be in a dialogue with business. I would visit Johnson to tell him this.”
Joseph Hinrichs, Ford’s president told the BBC, “It’s a bit of a rocky road. The odds of a no-deal Brexit certainly have increased in recent months.
“The key is going to be, whatever happens, what happens at the borders, what happens in the ports and importantly what happens to the pound sterling when it’s all said and done.”
The Society of Motor Manufacturers & Traders (SMMT) chief executive Mike Hawes said that any trade tariffs at the border caused through a no-deal Brexit will “threaten the very viability of the industry.”