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Global automakers express concerns over Brexit www3.nhk.or.jp
Global automakers and parts makers have expressed their concerns over Britain leaving the EU in a meeting held by the country's auto industry association.
About 300 people representing automakers and parts markers gathered in London on Wednesday.
Political and economic experts at the meeting warned if tariff-free trade is not maintained between Britain and the EU after Britain leaves, it would have a major impact on the auto industry.
Major automakers have their factories in Britain which act as bases for exporting products to other European countries.
Business people who attended the meeting also voiced concerns. One participant said the Brexit would make their business in Europe very difficult, while others said they are worried because their sales mainly come from exports.
Toyota Motor Europe President and CEO Johan van Zyl met reporters before the meeting and said there is no change in the firm's business in Britain for now. He said he will patiently wait for the outcome of the decision.
Published Date:2016-06-30
