U.K.-EU breakup threatens a key market and profit centerSun, 26, Jun 2016
The United Kingdom's stunning decision to abandon the European Union could slash automakers' profits by billions of dollars and cut new-vehicle sales by nearly a million units over the next three years, analysts warned.
Penske, Group 1 assess the damageMon, 27, Jun 2016
Penske Automotive and Group 1 Automotive took an immediate stock-price hit in the wake of Britain's vote to exit the European Union. Earnings will suffer from a collapsing British pound. But the longer-term impact remains unclear.
Goodbye to the Europe I knewMon, 27, Jun 2016
I am deeply shocked and disappointed by the decision of British voters to leave the European Union. A place I loved called Britain may no longer be so great any more.
Supplier planning hits the brakesMon, 27, Jun 2016
The U.K. vote to exit the European Union leaves suppliers in the dark on future investment until new EU trade deals can be adopted.
UK 'Leave' vote deflates hopes for U.S.-EU trade dealFri, 24, Jun 2016
Britain's looming exit from the European Union is another huge setback for negotiations on a massive U.S.-EU free trade deal that were already stalled by deeply entrenched differences and growing anti-trade sentiment on both sides of the Atlantic.
Jaguar Land Rover said to face $1.47 billion Brexit hitTue, 21, Jun 2016
Jaguar Land Rover estimates its annual profit could be cut by $1.47 billion if the UK leaves the EU, Reuters reported. The automaker has also looked into opening a continental European office if Britain quits the trading bloc and has delayed starting major work on a plant in Slovakia, sources said.
Toyota says Brexit may lead to 10% duties on U.K.-built carsMon, 20, Jun 2016
Toyota warned that a withdrawal by the UK from the EU may lead to levies of as much as 10 percent on the cars it builds in Britain. Jaguar Land Rover CEO Ralf Speth also warned about a so-called Brexit, saying leaving the EU would be "highly damaging."