Ford is closing its Bridgend factory by September 2020, at a cost of 1,700 jobs. Allegedly not Brexit-related, but all the evidence points to that being a sop to avoid antagonising its customers unduly.
theguardian.com/business/2019/…
June 2019: "Should a no-deal Brexit happen, we will need to evaluate the environment with regards to tariffs & customs issues - we’re hoping that doesn’t happen. If the business environment changes significantly, we will have to review our business plan."
autocar.co.uk/car-news/indus…
April 2019: "Ford is spending tens of millions of euros preparing for a possible British exit from the European Union without a trade deal and has yet to decide on its longer-term plans for Britain, Ford Europe chairman Steven Armstrong said on Tuesday."
reuters.com/article/us-bri…
April 2019: Ford Chairman Steven Armstrong states that no-deal Brexit would be "a disaster for the automotive industry in the UK and within that, of course, I count Ford Motor Company.". Also indicated the company stood to lose $1 billion/year over Brexit.
inews.co.uk/news/brexit/no…
April 2019: Ford Europe Chairman Steven Armstrong says that in the event of a no-deal Brexit, Ford "will have to consider seriously the long-term future of our investments in the country."
voanews.com/a/ford-would-r…
March 2019: Ford warns of tariff dangers: "These tariffs would deal a devastating blow to much of the complex and integrated automotive industry, and would damage the competitiveness of Ford’s engine manufacturing in the U.K."
japantimes.co.jp/news/2019/03/1…
February 2019: Ford said it will do whatever it takes to protect its business against a no-deal Brexit. "We will take whatever action is necessary to preserve the competitiveness of our European business."
bloomberg.com/news/articles/…
January 2019: Ford CFO Bob Shanks warns: "Ford continues to view a no-deal exit as the least likely outcome given how damaging it will be. Such a situation would be catastrophic for the UK industry and for Ford’s operations in the country."
europe.autonews.com/automakers/for…
November 2018: Ford backs Theresa May's Brexit deal, arguing that a "no deal" departure from the EU would be catastrophic.
thetimes.co.uk/article/may-s-…
October 2018: Ford Europe boss warns of the disasters of a no-deal Brexit. On WTO terms: "That would put a significant amount of cost in our business. It would certainly make us think long and hard about our future investment strategy."
bbc.co.uk/news/business-…
August 2018: Ford reports a near US$1 billion drop in profits from its European operations in its 2017 annual report, with US$600 million attributed directly to Brexit and the fall in the value of the pound since the referendum.
thisismoney.co.uk/money/news/art…
March 2018: Ford calls for clarity in post-Brexit trading conditions: "The sooner we have the clarity, the easier the [investment] decisions become to make, positive or negative, so that clarity is the important part of this"
businessinsider.com/r-ford-calls-f…
November 2017: Ford warns that Brexit may force it to leave the UK. "Ford doesn't want to exit the UK, but we might if the UK is not competitive, which is why we need a clear view of what the final agreement will be."
verdict.co.uk/ford-europe-br…
November 2016: Ford on Brexit plans: "We've been in the UK a long time and we’ve had lot of experience with sterling being strong and weak, so there are a lot of things we could do. The bottom line is we don’t know right now how this is going to play out"
am-online.com/news/car-manuf…
July 2016: FT reports: "Ford is considering closing plants in the UK and across Europe in response to Britain’s vote to leave the EU, as it forecast a $1bn hit to its business over the next two years."
ft.com/content/5f20ea…
June 2016: Ford UK wans workforce of downsides of Brexit. "Although the full consequences of [a Leave vote] are unknown, we estimate that the potential cost to our business could be hundreds of millions of dollars every year."
politicshome.com/news/europe/eu…
Follow all the breadcrumbs, and it's Brexit, Brexit, Brexit. No other conclusion possible. But as I said at the beginning, why would Ford deliberately antagonise its 52% (decreasing) of its customer base by rubbing their noses in it when the fateful decision's already been taken?
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