The new Range Rover Evoque is seen at the Jaguar-Land Rover exhibition booth during the International Motor Show (IAA) in Frankfurt, September 14, 2011. REUTERS/Alex Domanski/File Photo
LONDON: Jaguar Land Rover, Britain's biggest carmaker, estimates its annual profit could be cut by £1bil (RM5.95bil) by the end of the decade if Britain leaves the European Union, according to two sources familiar with the company's thinking.
The worst-case-scenario estimate is in internal documents seen by both sources that were prepared by the firm's chief economist, David Rea, to outline the possible consequences if Britons vote to leave the world's biggest trading bloc in Thursday's referendum.
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