Ford warns no-deal Brexit risk has increased

Ford logo in their auto plant

Ford has warned that the chances of a no-deal Brexit has increased in the last few months as new Prime Minister Boris Johnson ramps up his plans for a possible disorderly exit in October.

The U.S. automaker operates two engine plants in Britain, among which it is planning to shut down because of falling demand for the engine it makes there.

“It’s a bit of a rocky road,” Ford President, Automotive, Joseph Hinrichs informed BBC radio.

“The odds of a no-deal Brexit certainly have increased in recent months… The key is going to be, whatever happens, what happens at the borders, what happens in the ports and importantly what happens to the pound sterling when it’s all said and done,” he stated.

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