Daily Management Review

Brexit Is Not A Major Concern Against The Global Uncertain Political Backdrop: C.E.O of Peugeot


04/12/2018


Even though, the clouds of uncertainties loom over the trade and business scenario of Britain with the approaching hour for official Brexit; Peugeot decides to carry on its investments in its southern England plant.



Following an announcement of Peugeot, the chief executive, Carlos Tavares, revealed that the scheduled departure of Britain from the EU bloc which will take place in the coming year, will not be a “sufficient” cause for the company to stop its investments in England’s van plant.
 
However, Tavares added that Britain still needs to finalise a solution for ensuring “frictionless trade with the EU” bloc even after it exits from the it in March 2019.
 
Nevertheless, Peugeot demonstrated agility and appetite in taking risks amid various “political” uncertainties that prevail the world currently, in the shadow of which Brexit seems to be “far” as the “only” concern to address. As a result, he added that the company could not wait longer in taking a “decision on van production at Vauxhall’s plant in Luton, southern England”.
 
References:
reuters.com







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