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Bentley becomes latest carmaker to warn of no-deal Brexit damage

Writer: IntelligentInvestorJKD
IntelligentInvestorJKD
Oct 30, 2018
1 min read

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Adrian Hallmark, the chief executive of the luxury carmaker, told Reuters it was stockpiling some components ahead of Brexit and switching from the port of Dover to Immingham to bring in certain parts. The Volkswagen-owned marque makes about 11,000 cars a year in Crewe.

If London and Brussels fail to reach an agreement by the end of the year, Bentley may stockpile more car parts and close its factory for a few extra days, said Hallmark, who joined Bentley from Jaguar Land Rover in February. The majority of key parts including engines and body come from the European Union, mainly Germany.

“We may work for four days, or we may have a longer Christmas break and a longer Easter break if there is no deal so that we can smooth the period between now and the middle of next year,” Hallmark said.


Read on (source and credit)

https://www.theguardian.com/business/2018/oct/30/bentley-becomes-latest-carmaker-warn-no-deal-brexit-damage


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