BERLIN ANNOUNCE -- BMW will halt Mini output at its Oxford plant on Oct. 31 and Nov 1 and is considering removing a shift there
in case the UK leaves the European Union without a deal, its Chief Financial Officer Nicolas Peter said on Tuesday.
Peter said a no-deal Brexit would impact production, adding that suspending production on the date of Britain's scheduled departure from the EU and the following day would shield BMW from losses in its logistics.
Speaking at the Frankfurt auto show, he also confirmed the company's 2019 financial targets, but said it was too early to make a forecast for 2020 which would partly depend the developments in the trade dispute between the United States and China.
BMW joins Toyota in halting production for Brexit. The Japanese automaker has said it too will not build cars at its Burnaston factory in England the day after Britain is scheduled to leave the EU as it looks to avoid disruption from a potentially disorderly and costly Brexit.
Toyota builds the Corolla and Avensis models in the UK.