LONDON: The usual mix of sports cars, offroaders and family saloons will be on display at the Geneva motor show this week, but with one big difference from previous years: they may be about to become harder and costlier to make, and more expensive to buy.
His company has said it will spend up to 30 million pounds on preparing for a potentially disorderly Brexit, including stocking more components and potentially flying in parts if ports are clogged up. Britain's once booming car industry is already recording drops in sales, investment and output, with Japan's Honda delivering the biggest blow so far by announcing plans to close its British factory.But carmakers cannot suddenly stop plans which have been years in the making.
Ford, which does not make cars in Britain but builds nearly 1.3 engines there, has said a no-deal Brexit could cost up to US$1 billion. Seven of the top 10 factories that export the highest volumes to Britain are in Germany, which itself is teetering on the edge of recession.