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Exclusive: Jaguar Land Rover could face 1 billion pound Brexit hit - sources

Reuters  |  LONDON 

By Costas PitasLONDON (Reuters) - Jaguar Land Rover, Britain's biggest carmaker, estimates its annual profit could be cut by 1 billion pounds ($1.47 billion) by the end of the decade if Britain leaves the European Union, according to two sources familiar with the company's thinking. The worst-case-scenario estimate is in internal documents seen by both sources that were prepared by the firm's chief economist, David Rea, to outline the possible consequences if Britons vote to leave the world's biggest trading bloc in Thursday's referendum. It gives an insight into the level of concern at a ...

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First Published: Wed, June 22 2016. 10:13 IST