Automakers Prepare for “No-Deal” Brexit

They will have to adjust to the new reality. Markets have changed.

Rigged Game

They’re already under pressure from the deteriorating market.

Honda, the fourth largest car producer in the UK, has unveiled plans to halt its UK production for the first six days of April in order to stockpile parts in the immediate aftermath of Britain’s exit from the EU. The announcement came on Thursday, the same day that UK Premier Theresa May met her Japanese counterpart Japanese Prime Minister Shinzo Abe to discuss Brexit-related issues, and reads as follows:

“Honda of the UK Manufacturing Ltd has been assessing how best to prepare for any disruption caused by logistics and border issues following the UK leaving the EU on 29 March 2019.

“To ensure Honda is well paced to adjust to all possible outcomes, we are planing six non-production days in April 2019.

“This is to facilitate production recovery activity following any delays at borders on parts. These contingency provisions have been…

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