Manufacturers face disruption to output and supply chains as Britain readies to leave the EU
Andy Palmer, CEO of Aston Martin at the firm’s world headquarters in Gaydon, Britain. Picture: REUTERS
However many auto companies — from luxury marques such as Aston Martin to mass-market brands such as Vauxhall — are working on ways to survive after March 29. All manufacturers in Britain will anyway have to find ways to make Brexit work, even if only in the short-term. For Aston Martin, which sells sports cars at prices well above £100,000 , new European tariffs on British-built cars are not a significant concern, Palmer said.
Aston is building stockpiles of key parts in case an abrupt, no-deal Brexit results in trucks with components getting delayed by chaos at British ports. It is increasing the days of stock it holds from three days to five days and could fly in parts if ports become clogged up after March 29.
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