Jaguar Land Rover could face $1.47 billion Brexit hit: Sources

Topics Brexit


Jaguar Land Rover (JLR), Britain's biggest carmaker, estimates its annual profit could be cut by 1 billion pounds ($1.47 billion) by the end of the decade if Britain leaves the European Union (EU), according to two sources familiar with the company's thinking.

The worst-case-scenario estimate is in internal documents seen by both sources that were prepared by the firm's chief economist, David Rea, to outline the possible consequences if Britons vote to leave the world's biggest trading bloc in Thursday's referendum. It.

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