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Economy

Jaguar Land Rover warns 'bad Brexit' to cost $1.6bn

Luxury automaker urges UK to ensure certainty for business

MUMBAI (NewsRise) -- Jaguar Land Rover, the British luxury vehicle unit of India's Tata Motors, on Thursday warned a "bad Brexit deal" would cost the company billions of dollars, jeopardizing its future investments in the U.K.

Ralf Speth, the chief executive of Britain's largest car maker, called upon the U.K. government to urgently provide "certainty for business," including guaranteed tariff-free access and frictionless trade with the European Union.

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