Daimler warns hard Brexit would hurt even without a UK plant

Daimler probably will lose hundreds of millions of euros if the UK leaves the European Union without a trade deal, and its chief executive officer is ruling out the idea of helping Prime Minister Boris Johnson rebuild Britain's manufacturing base.

The Mercedes-Benz maker, which does not have a car plant in the country, sees a financial impact in the "low three-digit" million-euro range in the event of a hard Brexit, CEO Ola Kallenius told the Frankfurt business media club ICFW on Monday.