BMW has warned that it could be forced to close the company’s plants in the United Kingdom if it is not able to rapidly import enough components from the continent after the United Kingdom withdraws from the European Union.
Talking to the Financial Times, Stephan Freismuth, the customs manager, stated: “We always said we can do our best and prepare everything, but if at the end of the day the supply chain will have a stop at the border, then we cannot produce our products in the UK.”
Approximately 90 percent of the parts that are used in the British plants of the company come from Europe.
A department for business, energy and industrial strategy spokesperson said that the agency was confident that the government would be able to secure a good deal with the European Union.
The spokesperson stated: “The UK automotive industry remains one of our great success stories and a whole host of companies have recently committed to investing billions of pounds in the sector, including Nissan, Toyota, BMW and Vauxhall.,”
He added: “Through our modern industrial strategy and landmark automotive sector deal, we are working with the sector to put the UK at the forefront of new automotive technologies to ensure we remain the destination of choice for future investment.”
The warning that was issued by the car manufacturing giant arrives hot on the heels of similar expressions of worries that were made by Siemens and Airbus over the sluggish progress of the Brexit talks.
Airbus warned last week that it could leave the United Kindom in the event of a hard Brexit, placing approximately 14,000 jobs at risk. The company said that it would consider moving out of the United Kingdom once there is no transition deal that involves the ongoing membership of the customs union and single market.
Siemens also released some stark warnings, with Jügen Maier, its chief executive, slamming the government for considering that the discussions were going to be easy and for making use of “unhelpful” slogans.
Jeremy Hunt, the Health Secretary, said that the “threats” that were made by Airbus were “completely inappropriate.”
Talking on The Andrew Marr Show, Hunt said that the country was at a “critical moment” in the Brexit talks that needed unity and for businesses to “get behind” Theresa May, the British Prime Minister, to deliver the “best possible Brexit.”
He stated: “The more that we undermine Theresa May the more likely we are to end up with a fudge, which would be an absolute disaster for everyone.”