JLR says 'hard Brexit' would cost it $1.59 bn, may shut UK operations

Britain's biggest carmaker Jaguar Land Rover said on Wednesday a so-called "hard Brexit" would cost it 1.2 billion pounds ($1.

59 billion) a year, curtailing its future operations in the United Kingdom. "We urgently need greater certainty to continue to invest heavily in the UK and safeguard our suppliers, customers and 40,000 British-based employees," JLR's Chief Executive Ralf Speth said in a statement. Speth's comments come ahead of a meeting this Friday between Prime Minister Theresa May and her.....

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