JLR hopes Brexit does not hit biz

Jaguar Land Rover, owned by Tata Motors, is hoping that its business in the UK will not be impacted by post-Brexit measures. Chief Executive Officer, Ralf Speth said at the LA Auto Show that it was important to ensure free trade with Europe would continue, otherwise, it could lead to fallout on prices of imported components. Likewise, cars exported to Europe will also become dearer and this will end up becoming an unviable business proposition for JLR. Speth was hopeful that things would be on course eventually given that his company is the top carmaker in the UK.