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

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.