Following an announcement of Peugeot, the chief executive, Carlos Tavares, revealed that the scheduled departure of Britain from the EU bloc which will take place in the coming year, will not be a “sufficient” cause for the company to stop its investments in England’s van plant.
However, Tavares added that Britain still needs to finalise a solution for ensuring “frictionless trade with the EU” bloc even after it exits from the it in March 2019.
Nevertheless, Peugeot demonstrated agility and appetite in taking risks amid various “political” uncertainties that prevail the world currently, in the shadow of which Brexit seems to be “far” as the “only” concern to address. As a result, he added that the company could not wait longer in taking a “decision on van production at Vauxhall’s plant in Luton, southern England”.
References:
reuters.com
However, Tavares added that Britain still needs to finalise a solution for ensuring “frictionless trade with the EU” bloc even after it exits from the it in March 2019.
Nevertheless, Peugeot demonstrated agility and appetite in taking risks amid various “political” uncertainties that prevail the world currently, in the shadow of which Brexit seems to be “far” as the “only” concern to address. As a result, he added that the company could not wait longer in taking a “decision on van production at Vauxhall’s plant in Luton, southern England”.
References:
reuters.com
