IN TOKYO, executive vice president of Toyota Motor Company, Didier Leroy, said he had 'trust in the UK government that it will offer "fair treatment" for all companies when negotiating agreements to mitigate the impacts of Brexit.
And Ford Motor Company, the form of Jm Farley, head of Ford of Europe, has said the American company has operated in Britain for more than a cenntury and had 14,000 UK staff - many more than Nissan. Workers are employed at Dunton, Essex and at Bridgend in South Wales where the new Dragon engine is to be made from 2018 onwards.
He said: "We have just announced a £100 million investment in Bridgend to install our new Dragon engine and we have no plans to change our investments or make any new changes."
The investment will be good news for machine tool maker MAG which is Ford's preferred machine tool supplier. It will surely benefit in some way from the investment.
Last November international Fair Friend Group (“FFG”) and MAG Group announced that the acquisition of MAG Group by FFG has been completed, having received all required regulatory approvals.
Taiwan based FFG is a world leading industrial conglomerate operating in the fields of Machine Tool Technology, PCB (Printed Circuit Board), Industrial Equipment and Green Technology. With the acquisition of MAG Group, a leading machine tool manufacturer for the automotive industry, FFG’s machine tool division strengthens its position as one of the premier global machine tool suppliers. The acquisition is complementary to the existing portfolio, and will broaden FFG’s machine tool offering in the automotive industry.
FFG’s machine tool division covers a large variety of industries, including Aerospace, Railway, Mould and Die, Electronics, and Automotive. With MAG’s seven production facilities, FFG increases the number of machine tool factories to 51 across the globe, now covering Taiwan, Germany, Italy, Hungary, Japan, South Korea, China, Switzerland, India and the USA with a total of 32 brands. With over 6000 employees, the machine tool division of FFG, including the MAG Group, generates an annual turnover of more than USD 2.3 billion.