brexit

Deepening uncertainties over the direction and timetable of Brexit negotiations may force Toyota to shift some UK production elsewhere if they are not addressed, the Japanese carmaker warned on Tuesday. Early government assurances that free trade with the European Union would survive Britain's...

Toyota Motor Corp. warned that a withdrawal by the UK from the European Union may lead to levies of as much as 10 percent on the cars it builds in Britain. Brexit would challenge Toyota to cut costs or make its cars more expensive and hurt sales, the automaker said in a letter on Monday to its...