No-deal Brexit would cost Ford up to $1 billion

Ford Motor Co. said it faces a bill of up to $1 billion if Britain leaves the European Union without a deal, comprising World Trade Organization tariffs and the impact of a weaker English pound.

The impact of Brexit on Ford, based on internal calculations, would be in the range of $500 million to $1 billion depending on a variety of factors, Ford confirmed in a statement.

Sky News earlier on Thursday reported the hit could be $800 million, citing unnamed sources.

Automakers and other manufacturers have warned about the toll a no-deal Brexit could impose, including higher tariffs, disruption to supply chains and threats to jobs.