business

Toyota warns on competitiveness after Brexit: report

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Sounds like Toyota angling for some sweeteners. It is a past master at that. And Nissan already got some so Toyota wouldn't wanna be left out. But in the post-truth world of the Brexiteers any real bad news can easily be dismissed anyway as Bremoaning or doom-mongering. They have the truth and the UK is only onwards and upwards.

3 ( +3 / -0 )

"They have the truth and the UK is only onwards and upwards." http://money.cnn.com/2017/01/18/news/economy/brexit-banks-financial-services/

0 ( +1 / -1 )

Nissan got a nice deal so obviously Toyota and the other majors will be asking for one now, and there is literally no reason why the government can't give them the same deal, otherwise they've just picked winners and losers, which is a crime against free enterprise and is something China and Russia does

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Or Toyota can just pick up and leave for East Europe where majority of French automobile factories are located and set up shop there.

Bottom line Brexit hurts the British blue collar workers working in the automobile industry.

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Oh my... they might have to compete??? I know these old codgers love the monopoly and to be the exception to everything, but methinks Japan inc. is finally realizing its position in the world and the power it does NOT wield, and is NOT entitled to, as well as the fact that some people will not give it.

-2 ( +2 / -4 )

Smith Japan your quite right, IF toyota scrap this massive plant at Burnaston, there is going to be a vacuum of employment around here because it not only the factory workers that go its the lorry drivers that supply Burnaston, its all of the office staff at the lorry company, the other suppliers steel body parts, head light suppliers, exhausts, tyres this Will have a massive impact on our local and national economy, and Toyota will know this, I am sorry to say but I know how much the Avensis coasts to make, and what the sell them for is a massive profit!!! so Takeshi Uchiyamada san It looks like your profits might be cut a bit. since the UK takes 75% of your motor cars, if you go to France, well I am sure that we can slap on a 30% import duty to your cars if you was to import them Back into the UK.

-2 ( +0 / -2 )

Toyota is in a very precarious position. Maintaining competitiveness is not just confined to the future outcome of Brexit negotiations. There's far more menacing threat developing on the opposite side of the Atlantic Ocean. The Trump administration proposal to hammer down Toyota $1.6bn plant in Guanajuato, Mexico with a punitive boarder tax will deliver a killer blow to Toyota balance sheet.

BMW and Mercedes-Benz should also be prepared for a rude awakening.Trump doesn't do compromise, he would struggle to spell it.

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