Tag Archives: Brexit

Jaguar Land Rover Confirms Slovak Plant

Jaguar Land Rover will go forward with plans to construct a new plant in Nitra, Slovakia, despite the Brexit vote that will result in the U.K. leaving the European Union. “I can say that we took (a possible) Brexit into consideration when we were considering the investment in Slovakia,” Alexander Wortberg, JLR’s operations director for the Slovak project, tells a

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BMW Heading for a Bumpy Ride?

Brexit will cast a cloud over BMW second-quarter results when it reports on August 2. While the group is expected to report a 2% rise in second-quarter pre-tax profits to €2.63 from €2.55 the previous year and a rise in revenues to €24.55 billion from €23.93 billion, the estimates for the company going forward aren’t as great. Analysts at Deutsche

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Lithuania Invites UK’s Automotive Industry to Relocate

Inspired by Brexit, MEP Antanas Guoga (Tony G) has signalled the launch of a campaign which seeks to position Vilnius (Lithuania) as the perfect location for UK businesses now looking into the possibility of relocation options. This time, the focus of his attention is the automotive industry, which is anticipated to be one of the sectors most severely impacted by

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