CEO says the decision was not related to Brexit; based on competitive factors and need to accelerate its production of electric vehicles.
The defeat is symbolic rather than binding, but shows how weak the British PM’s hand is.
British economy is set to grow at its slowest rate since the global financial crisis.
Purchasing managers’ survey shows companies increasingly risk averse and eager to reduce overheads.
Japanese automaker will not build the X-Trail model at its existing UK plant in Sunderland.
Manufacturing firms stockpiled goods at a record rate in January to prepare for potential Brexit disruption to trade.
“Please don’t listen to the Brexiteers’ madness which asserts that, because we have huge plants here, we will not move and we will always be here,” Tom Enders said. “They are wrong.”
Brexit Plan B looks an awful lot like Plan A.
Many lawmakers think a “soft Brexit” that kept Britain in the EU’s single market or customs union is the only plan capable of winning a majority in Parliament.
The House of Commons’ 432-202 vote against May’s plan was widely expected.
“We are leaving the EU on the 29th of March this year, because that’s what Article 50 says, that’s what Parliament voted for, and that’s now what domestic British legislation says as well,” British minister Martin Callanan said.
However, May is a weakened leader who has lost the support of a big chunk of her party over Brexit.
Britain is scheduled to leave the EU trade bloc on March 29.
A group of Scottish legislators wants to know whether the U.K. can pull out of the withdrawal procedure on its own.
The 26-page draft declaration was agreed upon at a technical level by negotiators and endorsed Thursday by the European Commission.