BMW says preparing for no-deal Brexit given political uncertainty

Carmaker BMW said it was continuing to prepare for a no-deal Brexit, given uncertainty around Prime Minister Theresa May`s deal after several of her ministers resigned in protest.

BMW welcomed this week`s draft withdrawal agreement as a "positive step in the right direction" but said the political situation was uncertain.

"Uncertainty is not good for business. As a responsible employer, we must therefore continue to prepare for the worst-case scenario, which is what a no-deal Brexit would represent," it added in a statement.

"We continue to call on all sides to work towards a final agreement which maintains the truly frictionless trade on which our international production network is based."

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)