, Columnist
Brexit's Threat to European Automakers
The immediate damage would be to sales rather than investment
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Automakers Nissan, BMW and Jaguar Land Rover have all made big investments in U.K. plants in recent years. There are concerns Brexit could now hurt their exports to the European Union, the destination for more than half of all cars produced in Britain.
But the bigger and more immediate risk of a "leave" vote is to car sales, not investment -- and it's manufacturers like PSA Peugeot Citroen that don't have plants in the U.K. that are more vulnerable.