Aston Martin Joins Jaguar in Calling Out Brexit Risk to Industry

Aston Martin Chief Executive Officer Andy Palmer said that Brexit is “a disaster for the industry on both sides of the Channel if there is no negotiated exit.”

Palmer, a former executive at Japan’s Nissan Motor Co., spoke in an interview with the Mail on Sunday. He joins Jaguar Land Rover CEO Ralf Speth in calling out the risks Brexit poses to the U.K. automotive sector. Last week, Speth warned Prime Minister Theresa May that a bad Brexit deal could put tens of thousands of jobs at risk and cost the company more than 1.2 billion pounds ($1.6 billion) per year.