Statement from Toyota in regards to the UK/ EU Referendum, June 23rd 2016

Back in 1992, Toyota chose the UK for its first major manufacturing operations in Europe because of the open and free access to the European market, the availability of a skilled workforce, and the presence of a strong network of suppliers.

Today, we are very pleased with the performance and competitiveness of our UK operations, which are wholly integrated into our European business.  We support thousands of jobs in our manufacturing operations and more widely in our supply chain and distribution network. We manufacture vehicles, engines and parts and nearly 90 per cent of our UK-built vehicles are exported.

“We respect that the UK’s future relationship with the European Union is a matter for the British people to decide, and it is not our intention to participate in the campaign,” said Johan van Zyl, President and CEO of Toyota Motor Europe.

“We have carefully considered the implications for our manufacturing operations, should the UK leave the European Union. We are committed to our people and investments, so we are concerned that leaving would create additional business challenges.  As a result we believe continued British membership of the EU is best for our operations and their long term competitiveness.”