Aston Martin Says It’s Prepared For A No-Deal Brexit

Aston Martin chief executive Andy Palmer has said he’d rather see the UK leave the European Union with no deal, as opposed to continued uncertainty about whether the country will indeed split with the EU or not.

“I’d rather leave with No Deal than drag negotiations on,” Palmer told attendees at the Driving the Future event in London.

In recent months, a number of car manufacturers have expressed serious concerns about the repercussions of the UK leaving the EU without some kind of trade deal, including the likes of Jaguar Land Rover and Nissan.

“Every time we have to prepare to leave it ties up working capital and brains on something that may or may not happen,” Palmer said. “The car industry has proved itself very adaptable, from dealing with tsunamis in Japan to currency problems in Russia, but the issue with Brexit is we don’t yet know what problem we are trying to solve. First and foremost I think we now need certainty. I think business was pretty clear that it would prefer a deal with free trade with Europe, and it is true we are looking at a cliff-edge without one, but at this stage a decision is better than no decision,” he added.

Palmer is the British car manufacturer has procedures in place if the UK leaves the European Union without a deal and hit out at the nation’s politicians saying the country’s “Brexit strategy has been laughable,” Autocar reports.

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