“The initial petrify measures we have concluded with suppliers is (that) we
will not be producing on Oct 31st and Nov 1st,” BMW’s arch financial officer Nicolas Peter told reporters during a Frankfurt Motor Show.
He pronounced a preference was concluded with suppliers to “ensure a logistical
security” of a Oxford site, that produces a Mini code models.
“We have prepared a processes for a Brexit, a systems are means to
cope,” positive Peter.
Despite a array of setbacks in Westminster, British Prime Minister Boris
Johnson has insisted he will not ask find a new delay to a UK’s
withdrawal from a European Union, now set for Oct 31st.
Like other automobile manufacturers with plants in a UK, BMW is scheming for
the awaiting of a ‘no-deal Brexit’ and Britain’s withdrawal from a EU
without a deal, that Peter warned could pull prices up.
“A ‘no-Deal’ means that WTO (World Trade Organisation) tarifs will come
into force, that means an aggravated conditions compared to a existent one,” he said.
“We would therefore have to boost prices in opposite markets,” if sales
and prolongation decreased, he explained.
Other manufacturers have already warned of extreme consequences if Brexit goes badly.
Last month, Peugeot arch Carlos Tavares told a Financial Times that
production of Vauxhall and Opel Astra cars could be shifted to southern Europe from Ellesmere Port on Merseyside if Brexit has a disastrous impact on business.
READ ALSO: German business warns of Brexit ‘chaos’