Ford to reconsider UK operations if country pulls out from EU

Article by Anita Panait, on January 17, 2014

Ford Motor Co. would reconsider its operations in the United Kingdom if the country votes in favor of leaving the European Union. According to Steve Odell, head of Ford's operations in Europe, the US carmaker would have to re-evaluate its operations if the UK pulled out of the 28-member trading bloc in a proposed referendum.

"Clearly we wouldn't be alone in doing that. Would it mean tariffs? Would it mean duties? We'd take a look at what it meant," Odell told the Daily Telegraph newspaper. He said that he would strongly advise against leaving the EU for business purposes as well as for employment purposes in the UK. Nissan made a similar warning in 2013.

The Japanese carmaker also has substantial operations in the UK and employs thousands of people. Ford shut down its van factory in Southampton, southern England, in July and closed an associated stamping facility in Dagenham, east London, thus ending its vehicle manufacturing in the UK.

Ford, however, still employs nearly 15,000 people in the country building and developing engines -- supporting a further 100,000 jobs through its network of suppliers and dealers, the US company said on its Web site. Prime Minister David Cameron vowed that he would renegotiate the terms of the UK's EU membership before conducting an in-out referendum by 2017 if his ruling Conservatives returns to power after elections in May 2015.

The center-right party is currently behind in the polls and faces an increasing threat from the small UK Independence Party (UKIP), which seeks to have the UK leave the EU.

According to Odell, he strongly discouraged the UK from leaving the EU but acknowledged that if the public were asked today, most of them would be supportive of an exit as there was strong focus on the red tape that came with EU membership instead of the benefits. "If they voted today, the common vote… would be to leave Europe." [source: Reuters]

Topics: ford, uk

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Hyundai is making the green vehicle race more competitive by offering three powertrain types -- pure electric (EV), hybrid (EV plus combustion engine) and plug-in hybrid (PHEV) – in one...
by - December 9, 2016
Although specs for the new Renault Megane had already surfaced several weeks ago, we didn’t know that the company has cooked up something new. Aside from the 200hp gasoline, Renault‘s...
by - December 9, 2016
For the first time in fifty-eight years, Infiniti registers its first US-Spec Q60 Coupe in Cuba. American products have not been allowed entry into Cuba for six decades. But it...
by - December 9, 2016
Chevrolet has already given out the pricing for some of its 2018 Equinox models. Not only will the new Equinox be available in both the US and Canada, it is...
by - December 9, 2016
Nearly all details have been set with regards to the upcoming market introduction of the new Jaguar I-Pace. Its production version was recently previewed at the 2016 Los Angeles Auto...
by - December 8, 2016
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries