Interview with BMW's Peter Schwarzenbauer on MINI production

The video discusses the uncertainty surrounding Brexit and its impact on businesses in the UK. The speaker explains how their company is preparing for a worst-case scenario by adjusting factory operations and stockpiling parts. They also address the potential effects of extending Article 50 and the future of the Cowley plant, emphasizing the global competition and cost pressures that could affect their business decisions.

What strategy did the company adopt to prepare for a chaotic Brexit?

• They reduced their workforce to cut costs.

• They moved their factory closures to April and rented spaces to stockpile parts.

• They decided to close their factories permanently.

• They increased production to meet potential demand.

How does the speaker feel about a potential delay in Brexit negotiations?

• They welcome the delay as it provides more time to prepare.

• They believe the delay will have no impact on their operations.

• They are unhappy with the delay due to the need for certainty in planning.

• They are indifferent to the delay.

What is the company's main concern if Article 50 negotiations are extended?

• The uncertainty affecting their plant premises planning.

• The potential increase in production costs.

• The need to reopen closed factories.

• The loss of skilled workers.

What factors influence the future of the Cowley plant according to the speaker?

• The availability of skilled labor in the UK.

• The demand for electric vehicles.

• Global competition and potential tariff costs.

• Only the outcome of Brexit.

What is the speaker's view on the impact of tariffs on their business?

• Tariffs will have no impact on their business.

• Tariffs will only affect their competitors.

• Tariffs will increase costs and pressure their mini business.

• Tariffs will lead to increased demand for their products.