“BMW can’t invest into the future if you don’t have any free trade agreements.”
BMW’s decision to build its electric Mini in the UK is not irreversible. CEO Harald Krueger says that in the case of a hard Brexit without free trade deal, the carmaker might look for alternatives abroad.
“We’re very keen to see the negotiations proceed in the direction of maintaining the current situation, without additional tariffs. I don’t think anybody has a truly effective Plan B.”
Also, the London Electric Vehicle Company awaits first results of the Brexit negotiations. CEO Chris Gubbey hopes that they will not jeopardise the company’s target to export half of the electric black cabs made in England by 2020.