Jaguar Land Rover (JLR) made clear on Thursday that a Brexit deal without a customs union partnership or access to the single market would erode the company’s profitability by €1,4bn a year.
“A Brexit which increases bureaucracy, reduces productivity and competitiveness of the UK Industry is in no-one's interest,” the company said in a statement.
The biggest car manufacturer in the UK announced in June that it would be shifting part of its production to the city of Nitra in Slovakia.
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