Quote:
Originally Posted by 1andrew1
If the UK had voted Remain, the chances are high that Honda would not be closing down. The UK is a far cheaper country to make cars in, has a great labour supply and has access to a market of 500m on its doorstep and free trade deals with Japan and Korea.
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Well not according to Honda’s most senior guy in Europe, just been speaking on R4. Brexit
Has nothing to do with the decision . It’s about the death of the internal combustion engine and volumes.
You say they have access to a market of 500m, but they only sold 140,000 units last year, whereas their sales from their US and China sales topped more than 2million.
There’s the reason