Airbus and Ford warn of dire consequences if Brexit goes badly
Davos, Switzerland (CNN Business)Airbus and Ford have issued stark new warnings about the dire consequences of Britain crashing out of the European Union without a deal to protect trade links and supply chains.
Airbus CEO Tom Enders said in a video published on Thursday that a disorderly split would cause Airbus to redirect future investment. The planemaker could not guarantee its existing factories would survive long term.
Ford (F) said that a ‘no-deal’ Brexit would cost it $800 million in 2019. The estimate reflects the cost of new tariffs and expectations that the British pound would decline in value, a Ford spokesperson said.
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