Honda warns no-deal Brexit would cost it tens of millions

Carmaker says it could face higher tariffs but stresses it is committed to Swindon site

Honda has warned a no-deal Brexit would cost it tens of millions of pounds in additional tariffs and would damage its competitiveness, but the Japanese carmaker said it was committed to its factory in Swindon.

Ian Howells, the European boss of Honda, said its costs could rise by about 10% if the UK fails to strike a deal with the EU and World Trade Organisation (WTO) tariffs are applied instead.

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