BMW says it is planning for no-deal Brexit

BMW stated it was continuing to plan for a no-deal Brexit, given uncertainty around Prime Minister Theresa May’s deal following resignation of several ministers in protest.

BMW welcomed this week’s draft withdrawal agreement as a “positive step” in the correct direction but stated the political situation was not certain.

“Uncertainty is not good for business. As a responsible employer, we must therefore keep preparing for the worst-case scenario, which is what a no-deal Brexit would represent,” it included in a statement.

“We continue to call on all sides to collaborate towards a final agreement that maintains the truly smooth trade on which our international production network is based.”