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JLR boss warns of UK investment 'rethink' after June's Brexit vote

Jaguar Land Rover chief executive is reported to have said it would rethink its investment in the UK after June’s Brexit vote.

Ralf Speth, said today JLR would “realign its thinking” on investment  - and if Nissan got a Brexit compensation deal then carmakers would expect the same.

Speth told The Guardian: “We are the only car manufacturer in the UK to do all the work in terms of research, design, engineering, production planning in the UK. We want to have fair treatment and a level playing field at the end of the day.”

JLR faces tariffs on exported cars and imported parts and technology from within the EU, hurting competitiveness, he said.

Speth said the company’s long-term strategy on investment had not changed but the firm would now have to think again after Britons backed leaving the EU.

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