Ford: Britain needs to be part of single market
Head of Ford Motors Mark Fields stressed that the manufacturer valued the ability to operate within Europe.
Speaking to the BBC, he said: "We think it's really important that we are part of a single market, and we also think very strongly that the UK in a reformed EU is important, but of course that's going to be up to the British public to vote on."
Ford chief Mark Fields at CES 2016 Photo: Getty Images
Ford currently employs 14,000 people in the UK. Asked if an "out" vote would affect investment or production, Mr Fields said the firm would "do the appropriate things to secure the competitiveness of our business going forward".
09:29
Pound suffers biggest drop in almost a year as Boris Johnson sparks Brexit fears
The pound suffered its biggest drop against the dollar in almost a year after London Mayor Boris Johnson said he will campaign for Britain to leave the European Union.
Sterling fell by as much as 1.5pc to $1.4192 against the dollar this morning, marking the biggest drop since March 2015, as experts said the influential Mayor's decision made a British exit from the bloc more likely.
The pound also fell by as much as 1.2pc to €1.2786 against the euro and hit a two-year low against Japan's yen.
Sterling had a positive start to the year, but analysts warn that 2011 could be as volatile as 2010 for currency Photo: DBURKE / Alamy
Mr Johnson said David Cameron, the prime minister, had done "his very best" in securing a deal from Brussels on its EU membership.
However, writing in The Telegraph, Mr Johnson said staying inside the union would lead to "an erosion of democracy".
No comments:
Post a Comment