BMW Still Preparing For No-Deal After UK Parliament Backs Brexit Delay

www.oann.com | 2/23/2017 | Staff
blockstyle (Posted by) Level 3
LONDON (Reuters) – German carmaker BMW is continuing to prepare for a “worst-case scenario” no-deal Brexit after lawmakers voted to seek a delay to Britain’s exit from the European Union.

BMW builds over 15 percent of Britain’s 1.5 million cars, making Minis at a factory in Oxford and Rolls-Royce models at a southern English site in Goodwood in addition to more than 375,000 engines at its central English Hams Hall facility.

Firm - Month - Production - Britain - Country

The firm said earlier this month that it could move some production out of Britain if the country does not secure an orderly departure from the European Union, another warning from a once soaring sector that is now reporting dips in investment, sales and output.

British lawmakers voted overwhelmingly on Thursday to seek a delay to Brexit, which had been due on Mar. 29.

“As a...
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