Europe will still want our cars – but we need the common market, says British auto industry – Telegraph.co.uk

Posted: Wednesday, June 29, 2016

Johan van Zyl, Toyota head of Europe and Africa, echoed the sentiment, saying that the company would remain in Britain at the least in the medium term.

“We plan on a  six-year cycle because of the time it takes to develop new cars and decisions over that period are made,” said Mr van Zyl, whose 2,600 UK staff produce 190,000 vehicles a year. However, he raised the prospect of long-term investments being diverted. “We will now study how we can have a sustainable and profitable business in the UK still.”

Mike Hawes, chief executive of the SMMT, said the size of the car industry meant it was a priority for the Government despite the disarray caused by the Brexit vote. Mr Hawes, who attended a summit of business leaders yesterday called by business secretary Sajid Javid, said there was a “clear will” from the industry to remain in some form of single market.

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