Aston Martin prepares a budget item to withstand Brexit

The defenders of Brexit They promised them very happily, but it seems that it will be worse than imagined. United Kingdom, and its automobile sector, is at stake, as they leave one of the most important commercial areas in the world. Thus, we have arrived at the current situation: Chaos and more chaos. The reason is simple: nobody dares to move a finger, because the investment that can be lost are so high that entire companies could go under.

Input, Nissan has already confirmed that the next X-trail will remain Japanese. Honda, for its part, has already announced that in 2021 it will close its factory in Swindon. Finally, Ford it has also announced that it will cut relations if its European business is at risk. However, other brands are already announcing movements so that the Brexit affect them as little as possible.

Other manufacturers are already announcing similar measures

However, there are more firms in the Anglo-Saxon country, although the most affected will be the homelands, such as Mini, Rolls Royce, Bentley or Aston Martin. When the United Kingdom leaves the European Union, it will no longer be able to benefit from the FTA. Directly, products manufactured within its borders will lose competitiveness.

So brands like Aston Martin, which have their production centralized in the country, will be affected, as their prices will skyrocket. For this reason, the brand's board of directors has made a momentous decision. As they have confirmed, they have booked a Budget item to contain the negative impact of Brexit. The amount committed is about 30 million pounds and is intended to protect the production and deliveries to the clients.

However, it is a punctual action, because now that the sales of the brand are growing in China, they could transfer part of the production there. At this time, Aston Martin cannot risk their numbers, as they had been red for years. For this reason, and knowing that the income during the past financial year was 1.100 million pounds they cannot take a step back.

All in all, we will have to see what happens with the United Kingdom, but it seems that the brands are going to have a very bad time. It remains to be seen what they will do Toyota, Jaguar-Land Rover o BMW, but they are already accommodating their new models in other production centers.

Source – Aston Martin