Dr Johan van Zyl, President and CEO of Toyota Motor Europe, has told reporters that his company respects the decision of the British people in its recent EU referendum and that the company will “study how we are going to ensure we have a sustainable business in the UK”.
Speaking at a press briefing in London, he stressed the need for stability but also suggested that the long-term picture and UK manufacturing footprint for Toyota will depend on the trade deal negotiated between the UK and EU.
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“We will work very closely with the industry and all stakeholders to make sure that we do have a sustainable business in the UK,” van Zyl said.
He said a first priority is for stability and that “we will have to wait and see what the outcome of the [UK-EU exit] negotiations will be and based on that longer term decisions will be made, but in the short- and medium-term I don’t see any change.” He then defined the medium-term as six years in terms of Toyota’s model cycle plans.
