Daimler probably will lose hundreds of millions of euros if the UK leaves the European Union without a trade deal, and its chief executive officer is ruling out the idea of helping Prime Minister Boris Johnson rebuild Britain's manufacturing base.
The Mercedes-Benz maker, which does not have a car plant in the country, sees a financial impact in the "low three-digit" million-euro range in the event of a hard Brexit, CEO Ola Kallenius told the Frankfurt business media club ICFW on Monday.
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The EU should prepare for negotiations with the U.S. as President Donald Trump and his challenger Joe Biden are both likely to address the country's trade balance with the bloc after the election, Kallenius told reporters.
europe.autonews.com/...t-uk-plant