Jaguar Land Rover says 40,000 UK jobs and £80 billion of investment are threatened by a 'bad Brexit'

Jaguar Land Rover

• Jaguar Land Rover CEO says a hard Brexit would cost it £1.2 billion in profit a year and force it to reconsider its presence in the UK.
• The carmaker is calling for clarity and certainty about Britain's future trading relationship with the EU.
• Airbus and Siemens have issued similar warnings in recent weeks.

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Jaguar Land Rover (JLR) has warned that a so-called hard Brexit would cost it £1.2 billion ($1.59 billion) a year and threaten its future in the United Kingdom.

JLR's CEO Ralf Speth said in a statement: "A bad Brexit deal would cost Jaguar Land Rover more than £1.2 billion in profit each year.

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