March 5, 2019 / 12:42 PM / 3 months ago

No-deal Brexit could prompt BMW to consider moving Mini production out of UK: Sky News

FILE PHOTO: Signage at a BMW Mini dealership is seen in London, Britain, March 30, 2016. REUTERS/Toby Melville

LONDON (Reuters) - BMW could consider moving Mini production out of Britain in the event of a disorderly Brexit, board member Peter Schwarzenbauer told Sky News on Tuesday.

He added that the company would also not be very happy with a two or three month delay to Britain’s departure from the European Union because the industry has been preparing for a March 29 exit.

“This would be really a huge burden for the Mini brand,” he said of a no-deal Brexit. “If this comes, which is the worst case scenario ... we would need to consider what it exactly means for us in the long run. For Mini, this is really a danger.”

Asked if BMW could move Mini production out of Cowley near Oxford, he said “We at least have to consider it.”

Reporting by Kate Holton and Alistair Smout; editing by Stephen Addison

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