Car giant JLR urges UK lawmakers to prevent no-deal Brexit for reducing price hike

Britain's biggest carmaker Jaguar Land Rover (JLR) urged lawmakers to rule out the possibility that the country leaves the European Union without a deal, to prevent companies from having to make costly contingency planning.

JLR said it regretted the parliamentary vote on Tuesday when lawmakers rejected by a huge margin Prime Minister Theresa May's deal for leaving the bloc. "We are disappointed with the vote on the Brexit deal and are considering its implications," the company said in a statement. "We would now urge ruling out a no-deal immediately as the only option with majority support in parliament." 

(With inputs from agencies.)