BMW preparing for no-deal Brexit because of political uncertainty

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LONDON — 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,” BMW said 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,” the automaker said.

BMW would have to if Brexit leads to serious supply chain disruption, the automaker’s customs manager, Stephan Freismuth, said in June.

BMW CEO Harald Krueger said at the Paris auto show that the carmaker may have to from Oxford, England.

Bloomberg contributed to this report