Ford chief issues new warning of no-deal Brexit ‘catastrophe’

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>The head of Ford of Europe has issued a fresh warning that a no-deal Brexit would be a &OpenCurlyDoubleQuote;catastrophe” for the motor industry&period;<&sol;p>&NewLine;<p>Chairman Steven Armstrong said the motor giant would have to look again at its manufacturing &OpenCurlyDoubleQuote;footprint” in the UK in the event of a disorderly departure from the EU&period;<&sol;p>&NewLine;<p>Giving evidence to the Commons Welsh Affairs Committee&comma; Mr Armstrong insisted the decision last month to close the firm’s engine plant at Bridgend with the loss of 1&comma;700 jobs was not directly linked to concerns about Brexit&period;<&sol;p>&NewLine;<p>However&comma; he said that if the firm were to face tariffs and &OpenCurlyDoubleQuote;frictions” at the border as a result of a no-deal Brexit it would put a &OpenCurlyDoubleQuote;significant burden” on their business&period;<&sol;p>&NewLine;<p>While it would not mean the immediate closure of all the firm’s remaining facilities in the UK&comma; it would make it &OpenCurlyDoubleQuote;much more difficult” for them to be competitive&period;<&sol;p>&NewLine;<p><em>&OpenCurlyDoubleQuote;I have been very vocal publicly that a no-deal Brexit would be a catastrophe for our industry&comma;”<&sol;em> he said&period;<&sol;p>&NewLine;<p>He added&colon; <em>&OpenCurlyDoubleQuote;We have previously publicly quoted that that could be as much as a billion dollars a year in incremental costs&comma; be it tariffs or friction at the borders&period;<&sol;em><&sol;p>&NewLine;<p><em>&OpenCurlyDoubleQuote;I have also been very clear that that would cause us to have to think about what our footprint would be moving forward&period;<&sol;em><&sol;p>&NewLine;<p><em>&OpenCurlyDoubleQuote;That doesn’t mean that we would immediately close all the facilities in the UK&comma; but it would make it much more difficult for the facilities to be competitive&period;<&sol;em><&sol;p>&NewLine;<p><em>&OpenCurlyDoubleQuote;That is just a fact of the business I am in&period;”<&sol;em><&sol;p>&NewLine;<p>Mr Armstrong said the decision to close Bridgend followed a sharp fall in forecast demand for the new Dragon engine which was to have been built at the plant&period;<&sol;p>&NewLine;<p><em>&OpenCurlyDoubleQuote;In the last two years or so there has been a significant change in the dynamic in the auto industry&period; We have seen a shift out of internal combustion engines towards more electrified products&comma;”<&sol;em> he said&period;<&sol;p>&NewLine;<p><em>&OpenCurlyDoubleQuote;The volume for the Dragon engine globally has reduced&period; We have the capacity to make Dragon engines in Mexico&comma; in Bridgend and in India&period; We don’t have the volume to fill each of those&period;”<&sol;em><&sol;p>&NewLine;<p>Mr Armstrong said he hoped the company would continue to employ more 10&comma;000 people in the UK and he denied that they were &OpenCurlyDoubleQuote;shafting” their British workers&period;<&sol;p>&NewLine;<p><em>&OpenCurlyDoubleQuote;We are not the kind of company that shafts its British workers&period;<&sol;em><&sol;p>&NewLine;<p><em>&OpenCurlyDoubleQuote;The centre of our commercial vehicle is here in the UK&comma; the design and development of all our Transits and other commercial vehicles globally is done here&comma;”<&sol;em> he said&period;<&sol;p>&NewLine;<p><em>&OpenCurlyDoubleQuote;We produce more than 50&percnt; of all our diesel engines globally in Dagenham&comma; we have opened a brand new mobility centre in London to develop all of the smart mobility solutions for Europe&comma; and we produce transmissions in Halewood&period;”<&sol;em><&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68ed0bdc21537">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; 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