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Anonymous ID: 38dfa3 Jan. 24, 2019, 1:22 p.m. No.4891055   🗄️.is 🔗kun   >>1157 >>1179

No-deal Brexit would cost Ford up to $1 billion - source

 

DETROIT (Reuters) - Ford faces a bill of up to $1 billion (£767 million) if Britain leaves the European Union without a deal, comprising World Trade Organization tariffs and the impact of a weaker pound, a person familiar with the company’s plans said on Thursday. The impact of Brexit on Ford, based on internal calculations, would be in the range of $500 million to $1 billion depending on a variety of factors, said the person, who asked not to be identified discussing internal company planning. Sky News earlier on Thursday reported the hit could be $800 million, citing a Ford spokesman.

 

Car makers and other manufacturers, including Airbus earlier on Thursday, have warned about the toll a no-deal Brexit could impose, including higher tariffs, disruption to supply chains and threats to jobs. Britain is due to leave the European Union in 64 days, and with Prime Minister Theresa May failing to win support for her negotiated deal, companies are increasingly worried about the possibility of a chaotic Brexit.

 

Ford Chief Financial Officer Bob Shanks on Wednesday declined to say what the financial impact of a no-deal exit could be, but said Ford was already planning for it. “We clearly have already started to work on the eventuality of there being a hard Brexit,” he told reporters at the No. 2 U.S. automaker’s headquarters outside Detroit. “We’re certainly hoping that does not happen, but we can’t wait.” “We’re actually incurring costs, doing things now to prepare for that, so there will be an impact. It’s a material impact,” he added. Last week, Shanks said a no-deal exit was unlikely, but if it occurred it would be “catastrophic.”

 

In July 2016, Ford said that Britain’s decision to leave the EU would impact the automaker by $800 million to $1 billion over two years. Ford, the top-selling automotive brand in Britain, operates two engine plants in Britain, its third-largest market, and the destination for roughly one in three cars made at its German Cologne plant. On Jan. 10, Ford, which employs 53,000 people in Europe, said it would cut thousands of jobs and look at plant closures in Europe as part of its plan to return to profit in the region.

 

https://www.reuters.com/article/uk-britain-eu-ford/no-deal-brexit-would-cost-ford-up-to-1-billion-source-idUSKCN1PI1VD

Anonymous ID: 38dfa3 Jan. 24, 2019, 1:30 p.m. No.4891167   🗄️.is 🔗kun

>>4891025

You are entitled to you opinion, I completely disagree. Why were all of these other wars started and to the participants even know what they are fighting for! You can't have it both ways..you can't say that our military shouldn't be fighting where they have been and then advocate for war and violence here, that would be the definition of a hypocrite. Disagreements happen all the time and they are won with ideas and words.

Anonymous ID: 38dfa3 Jan. 24, 2019, 1:48 p.m. No.4891430   🗄️.is 🔗kun   >>1445 >>1448

Exclusive: U.S. to begin returning asylum seekers to Mexico on Friday - official

 

MEXICO CITY (Reuters) - The United States will return the first group of migrants seeking asylum in the United States to the Mexican border city of Tijuana on Friday, a spokesman for Mexico’s president said on Thursday. In a major policy change, U.S. President Donald Trump’s administration said on Dec. 20 it would send non-Mexican migrants who cross the U.S. southern border back to wait in Mexico while their U.S. asylum requests are processed.

 

The spokesman for President Andres Manuel Lopez Obrador’s office did not specify the nationalities of those to be returned to Mexico, although the policy was aimed at helping cope with rising numbers of Central Americans seeking asylum in the United States. The two countries have held two meetings to work out details of the plan to return migrants seeking U.S. asylum across the shared border. Mexico has said it will not accept anybody facing a credible threat in Mexican territory.

 

Serious doubts exist over whether Mexico can keep Central American asylum seekers who are fleeing poverty and crime safe, especially in border towns that are often more violent than the cities they left. It is unclear how Mexico plans to house what could be thousands of asylum seekers for the months - or years - it takes U.S. immigration cases to be heard. A backlog of more than 800,000 cases is pending in immigration courts.

 

https://www.reuters.com/article/us-usa-immigration-mexico-exclusive/exclusive-u-s-to-begin-returning-asylum-seekers-to-mexico-on-friday-official-idUSKCN1PI2VV