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JLR and Brexit

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  #1  
Old 06-24-2016, 09:45 AM
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Default JLR and Brexit

For international F-type owner things just became a lot more expensive. With UK no longer part of EU, they won't benefit from various agreements and treaties and will have to pay full tariffs to sell cars outside of UK. I anticipate a number of markets where JLR might close the shop. The rest of them, both parts and cars will become more expensive.

Now, for Canada I hope they will keep the lights on, but I can see scenario playing out when JLR might pull out just like 90s-era Alfa Romeo. This will take couple years to play out... so at least until the end of warranty.
 
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Old 06-24-2016, 10:34 AM
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Originally Posted by SinF
For international F-type owner things just became a lot more expensive. With UK no longer part of EU, they won't benefit from various agreements and treaties and will have to pay full tariffs to sell cars outside of UK. I anticipate a number of markets where JLR might close the shop. The rest of them, both parts and cars will become more expensive.

Now, for Canada I hope they will keep the lights on, but I can see scenario playing out when JLR might pull out just like 90s-era Alfa Romeo. This will take couple years to play out... so at least until the end of warranty.
the equation, though , is balanced by a massive weakening of their currency.
 
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Old 06-24-2016, 10:46 AM
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Originally Posted by SinF
For international F-type owner things just became a lot more expensive. With UK no longer part of EU, they won't benefit from various agreements and treaties and will have to pay full tariffs to sell cars outside of UK. I anticipate a number of markets where JLR might close the shop. The rest of them, both parts and cars will become more expensive.

Now, for Canada I hope they will keep the lights on, but I can see scenario playing out when JLR might pull out just like 90s-era Alfa Romeo. This will take couple years to play out... so at least until the end of warranty.
Jaguar Land Rover will not pull out. They may be forced to survive on less profit for awhile. In the long run I think this will be good for Great Britain.
 
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Old 06-24-2016, 11:11 AM
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Last edited by RickyJay52; 06-24-2016 at 12:52 PM.
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Old 06-25-2016, 09:06 AM
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Below is an interesting summary of the manufacturers' initial reactions. Clearly they are not happy, and all suggest that the free-trade agreements that come w/ EU membership are essential to keep the UK auto industry alive. Those will all have to be renegotiated, which means an extended period of uncertainty.

http://www.autonews.com/article/2016...u-after-brexit
 
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Old 06-25-2016, 09:27 AM
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How many threads do we need about Brexit???

https://www.jaguarforums.com/forum/o...-types-164899/

https://www.jaguarforums.com/forum/o...passes-164901/

https://www.jaguarforums.com/forum/f...aguars-164928/

The next person to start a thread on Brexit will take a 1 week unpaid vacation from this forum.
 
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