RE: Brexit Closes Major Car Plant24 Aug 2021 18:37
IT WASN'T BREXIT, HONDA SAYS, AS SWINDON FACTORY CLOSURE CONFIRMED
Retooling for electrification makes more sense in China, America
HONDA has said that Brexit is not the reason for its proposed decision to close its factory in Swindon.
The Japanese car maker this morning confirmed that a consultation period has begun with a view to closing the plant, which produces the Civic model alongside petrol and diesel engines, in 2021, putting 3,500 Honda jobs and a further 10,000 jobs in the supply chain at risk.
Speculation yesterday suggested continuing uncertainty over Brexit, with possible tariffs when exporting to Europe in a no-deal scenario, could be a factor in any decision to close the factory. A recent free-trade agreement between Japan and Europe gave credence to the idea, as Honda could switch manufacturing to Japan and import its cars to Europe tariff-free.
https://www.driving.co.uk/news/business/wasnt-brexit-honda-says-swindon-factory-closure-confirmed/