Jaguar Land Rover chief latest to warn of Brexit’s effects on UK industry

Ralf Speth has said immigration controls will hamper Jaguar Land Rover’s ability to attract top engineers once the UK leaves the EU

Josie Cox
Business Editor
Friday 21 April 2017 19:30
Comments
The boot: experts fear the automotive sector may be hit “beyond repair” without deals in place following Brexit
The boot: experts fear the automotive sector may be hit “beyond repair” without deals in place following Brexit

The chief executive of Jaguar Land Rover has become the latest business leader to warn on the effects of Brexit.

Speaking to the BBC Radio 4’s Today programme, Ralf Speth, said that his company might not be able to attract top engineers after Britain leaves the EU, due to higher immigration controls.

He told the programme that he is pushing for “free and fair access” to other EU markets as well as Turkey after the split.

Coventry-based JLR is a multinational company with operations in countries including India, China, Brazil, Slovakia and Austria.

Earlier this week, the company posted record-breaking annual global sales, according to media reports, smashing the 600,000 barrier for the first time in its history.

But experts have warned that the automotive industry may be one of the hardest hit sectors as a result of Brexit, due to its global exposure and its reliance on overseas talent.

The number of cars built in the UK hit a 17-year high last year and more cars are being exported than ever before, but in January the Society of Motor Manufacturers and Traders warned that a failure to establish proper trade deals after Brexit could damage the industry “beyond repair”.

More than one in two cars produced in the UK in 2016 was exported to Europe, thanks to a 7.5 per cent increase in demand from the Continent.

Global appetite for British-built cars rose by 10.3 per cent to an all-time high of just over 1.3 million – a second consecutive annual record.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Please enter a valid email
Please enter a valid email
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Must be at least 6 characters, include an upper and lower case character and a number
Please enter your first name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
Please enter your last name
Special characters aren’t allowed
Please enter a name between 1 and 40 characters
You must be over 18 years old to register
You must be over 18 years old to register
Opt-out-policy
You can opt-out at any time by signing in to your account to manage your preferences. Each email has a link to unsubscribe.

By clicking ‘Create my account’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in