Toyota Invests Quarter of a Billion in UK #DespiteBrexit

Toyota today announces an investment of more than a quarter of a billion pounds into the UK, contrary to previous warnings from the firm and car market analysts over Brexit. The Japanese company has a major plant near Derby where it manufactures its Auris and Avensis models. About 75% of cars made at that plant are exported to EU nations. Last year the FT warned:

“The Leave vote could be the final straw for the two Japanese carmakers… Ahead of the referendum, Toyota had already warned of “huge cost reduction challenges” at its plants in Burnaston in Derbyshire and Deeside in north Wales if the UK faced a 10 per cent tariff on exports to Europe.

“The reality is that it’s nearly impossible to make profit considering that they had not made much money over the past two decades. Can you keep holding on to a perpetually lossmaking operation in Britain?” said Koji Endo, analyst at Advanced Research Japan.”

Experts…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Paul Dacre on the Daily Mail’s future support for Brexit…

“…what moves me most are the countless messages from readers worried about whether the Mail will continue its support for EU withdrawal. My answer to them — and others — is unequivocal. Support for Brexit is in the DNA of both the Daily Mail and, more pertinently, its readers. Any move to reverse this would be editorial and commercial suicide.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
May Considers Asking to Stay in Single Market for Goods May Considers Asking to Stay in Single Market for Goods
Smith Must Hold Firm Against Grieve Smith Must Hold Firm Against Grieve
Eurotunnel: Don’t Buy Border Scaremongering Eurotunnel: Don’t Buy Border Scaremongering
Shouty Cracker Lord Moat’s Mask Slips Shouty Cracker Lord Moat’s Mask Slips
How Dominic Cummings Cost Taxpayers £20 Billion How Dominic Cummings Cost Taxpayers £20 Billion
Banks Legals Verhofstadt Over Putin Tweet Banks Legals Verhofstadt Over Putin Tweet
Hypocrisy of Chuka Hypocrisy of Chuka
Daily Brexit? Daily Brexit?
Farage vs Verhofstadt Farage vs Verhofstadt
WATCH: Andrea Jenkyns Takes on Remain Protesters WATCH: Andrea Jenkyns Takes on Remain Protesters
Philip Lee Resigns Philip Lee Resigns
Penka Saved Penka Saved
Guy News Special Report : Remain Campaign Cheating Guy News Special Report : Remain Campaign Cheating
No 10 Call DD Stupid No 10 Call DD Stupid
Government Remainers Mock DD for Crying Wolf Government Remainers Mock DD for Crying Wolf
How Brexiteers Lost Control of Brexit How Brexiteers Lost Control of Brexit
Corbyn Backs Free Movement Corbyn Backs Free Movement
Cadwalladr: ‘Unaware of Any Allegations of Cheating by Remain’ Cadwalladr: ‘Unaware of Any Allegations of Cheating by Remain’
Priti Hands Dossier of Remain Collusion Evidence to Electoral Commission Priti Hands Dossier of Remain Collusion Evidence to Electoral Commission