💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Toyota mulls legal action against Brexit group for logo use

Published 06/09/2016, 09:11 AM
Updated 06/09/2016, 09:20 AM
© Reuters. A Toyota stands for sale on the forecourt of a Toyota dealer in Purley, south London
GM
-
TM
-
7201
-

LONDON (Reuters) - Carmaker Toyota (T:7203) said it could make a legal complaint against the official Brexit campaign for using its logo in leaflets, which the Japanese firm said might give the impression it backed Britain leaving the EU.

On one "Vote Leave" flyer, Toyota's logo appeared next to those of five other major companies including fellow automakers Nissan (T:7201) and Vauxhall (N:GM) with the message: "Major employers ... have all said they'll stay in the UK whatever the result of the referendum."

Toyota, which built more than one in 10 of Britain's 1.6 million new cars last year, said in February it believed a vote on June 23 to stay in the bloc would be better for its operations and long-term competitiveness.

The firm said on Thursday that use of the logo could "mislead the reader into thinking that Toyota endorses the Vote Leave campaign" and that it could take action against "unauthorized use of our trademarks."

Vote Leave did not immediately respond to a request for comment when contacted by Reuters.

© Reuters. A Toyota stands for sale on the forecourt of a Toyota dealer in Purley, south London

Britain's overwhelmingly foreign-owned car industry has spoken out in favor of continued British membership of the EU, which allows it to benefit from tariff-free access to the single market and the free movement of people within the world's biggest trading bloc.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.