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Read more about Toyota to build new Auris car at UK plant, in Brexit boost for PM May on Business Standard. Carmakers are worried that without the right Brexit deal, their factories could be subject to tariffs

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toyota to build new auris car at uk plant

Toyota to build new Auris car at UK plant, in

Brexit boost for PM May

Toyota said on Wednesday it will build the next generation of its Auris car in

England in a welcome boost to Prime Minister Theresa May as Britain leaves the

European Union, confirming a previous Reuters report.

The Japanese carmaker will make its new Auris hatchback at Burnaston,

Derbyshire, replacing the current run of the model made there, the company said

in a statement.

Sources told Reuters last year that Toyota planned to build the model in Britain on

the assumption that ministers will secure a transitional Brexit deal designed to

maintain current trading conditions until at least the end of 2020.

the automaker said the free trade was important

The automaker said the free trade was important for the future.

"With around 85 percent of our UK vehicle production exported to European

markets, continued free and frictionless trade between the UK and Europe will be

vital for future success," said Toyota Europe President and CEO Johan van Zyl in

Wednesday's statement.

Business minister Greg Clark hailed the announcement and said Britain's

automotive sector was one of the most productive in the world, adding "this

government will continue work to create the best possible environment."

Carmakers are worried that without the right Brexit deal, their factories could be

subject to tariffs and trade barriers, adding to costs and risking the long-term

viability of sites.

Toyota's Burnaston plant churned out 144,000 models last year, down 20 percent

from 2016 according to industry data, as its current line-up of models neared the

end of their product lifecycle.

Nearly one in five of those cars were Avensis models, according to a source

familiar with the situation. The firm did not comment on the future of the model

in its statement on Wednesday. A spokesman did not immediately respond to a

phone call and email requesting comment on the matter.

Article By - Business Standard