Toyota to Temporarily Halt U.K. Factory for Brexit
London, Aug. 30 (Jiji Press)--Toyota Motor Corp. <7203> will suspend its factory in central Britain on Nov. 1, due to expected turmoil stemming from the country's planned exit from the European Union, or Brexit, at the end of October, company sources said Friday.
Through the move, the leading Japanese automaker hopes to gauge the impact of Brexit on auto parts supplies in Britain.
If more companies move to suspend operations, Britain's economy would be hit hard, analysts said.
As of this moment, Toyota plans to suspend the plant in Burnaston, Derbyshire, only on Nov. 1. The plant's operations will be resumed normally on Nov. 4 after being halted for two more days, Nov. 2 and 3, for the weekend.
An official at Toyota, however, said, "We won't know what will happen" if logistics are disrupted by a potential no-deal Brexit.
[Copyright The Jiji Press, Ltd.]