{"id":2297,"date":"2018-09-18T11:36:20","date_gmt":"2018-09-18T11:36:20","guid":{"rendered":"http:\/\/www.styledeals.co.uk\/blog\/honda-no-deal-brexit-would-cost-tens-of-millions\/"},"modified":"2018-09-18T11:36:20","modified_gmt":"2018-09-18T11:36:20","slug":"honda-no-deal-brexit-would-cost-tens-of-millions","status":"publish","type":"post","link":"https:\/\/www.styledeals.co.uk\/blog\/honda-no-deal-brexit-would-cost-tens-of-millions\/","title":{"rendered":"Honda: No-deal Brexit ‘would cost tens of millions’"},"content":{"rendered":"\n
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\n Honda employs about 3,400 people at its Swindon plant
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The senior vice president of Honda Europe has warned that a no-deal Brexit would cost his company tens of millions of pounds. <\/p>\n

Ian Howells told the BBC that quitting the bloc without an agreement would affect the carmaker’s competitiveness in Europe. <\/p>\n

He said the Japanese firm was preparing for a no-deal outcome but had not discussed relocating its Swindon plant. <\/p>\n

The firm builds its Civic model in Britain for the global market. <\/p>\n

In an interview with Radio 5 live, Mr Howells said a no-deal Brexit would lead to costly trade barriers and disrupt its supply chain.<\/p>\n

“In terms of administration, we’d probably be looking at something like sixty odd thousand additional bits of documentation we would have to provide to get product to and from Europe,” he told the Wake up to Money programme.<\/p>\n