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UK secures £240-mn investment from Toyota via post-Brexit reassurances

The business ministry has confirmed the existence of a letter but refused to release it

Reuters  |  London 

The British government helped to secure a more than £240-million ($310 million) investment from Toyota in its English plant with a letter reassuring the Japanese carmaker over post-Brexit trading arrangements, two sources told Reuters. Toyota said on March 16 it would install its new car platform at its Burnaston plant. One source, who is familiar with the letter, said that Toyota delayed the decision due by the end of December while it weighed up a number of factors including Brexit. The business ministry has confirmed the existence of a letter but refused to release ...

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First Published: Fri, July 14 2017. 23:46 IST
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