Japanese carmaker Nissan is set to confirm plans to build a battery “gigafactory” in Sunderland this week, handing a significant post-Brexit jobs and investment boost to the UK’s under-pressure automotive sector. Nissan is expected to promise to build as many as 200,000 batteries for electric vehicles every year in the UK, in partnership with Chinese… Continue reading Nissan expected to announce plans to build battery ‘gigafactory’ in Sunderland
Tag: Brexit
Opel teases the new face of its Astra compact car – Automotive News Europe
Opel/Vauxhall has confirmed that the new Astra compact car will be the brand’s next model to use a stretched ‘Vizor’ grille that debuted on the brand’s latest Mokka small SUV. Opel on Tuesday released images of some of the car’s design details, including the grille with incorporated LED headlights, an elongated dual-screen dashboard, and the… Continue reading Opel teases the new face of its Astra compact car – Automotive News Europe
Is I-OSS the New ‘Brexit’ for Logistic Service Providers?
On July 1st, 2021, adjustments to the VAT procedures and implementation of the H7 dataset system will enter in force across the European Union. ViaEurope is all set to assist its customers to transition smoothly to these new obligations and help avoid another logistic mayhem. AMSTERDAM, June 15, 2021 /PRNewswire/ — ViaEurope, a leader in e-commerce… Continue reading Is I-OSS the New ‘Brexit’ for Logistic Service Providers?
P&F Industries, Inc. Receives Forgiveness Of Paycheck Protection Program Loan
MELVILLE, N.Y., June 10, 2021 /PRNewswire/ — P&F Industries, Inc. (NASDAQ:PFIN), today announced that on June 9, 2021 it received notice from Dime Community Bank, the lender of the Company’s $2,929,200 Paycheck Protection Program (“PPP”) loan, that the U.S. Small Business Administration (“SBA”) approved the forgiveness of the PPP loan in its entirety, and that Dime has… Continue reading P&F Industries, Inc. Receives Forgiveness Of Paycheck Protection Program Loan
Threat of further lockdowns is biggest concern for dealers
The recovery from Covid-19 is the main concern for car dealers when thinking about the future of their business, according to new research from Close Brothers Motor Finance. Over a third (35%) of dealers surveyed in the Dealer Satisfaction Survey said that Covid-19 recovery and the potential for future lockdowns poses the biggest threat to… Continue reading Threat of further lockdowns is biggest concern for dealers
Nissan planning new electric car battery ‘gigafactory’ for Sunderland – report
Nissan is understood to be asking the UK government to provide tens of millions of pounds to build a new electric car battery “gigafactory” in Sunderland . The Japanese carmaker hopes to support the construction of a factory, that could produce up to 200,000 batteries a year, at Nissan’s existing Sunderland site. The facility would… Continue reading Nissan planning new electric car battery ‘gigafactory’ for Sunderland – report
A trade drop of a quarter is just the start of Brexit ‘teething problems’
Teething problems? Bumps in the road? The consequences of adjusting to life outside the EU in the midst of a pandemic are starting to become clear. Official figures show a drop in EU trade of almost a quarter at the start of 2021 compared with the same period three years ago. Far from the “minimal”… Continue reading A trade drop of a quarter is just the start of Brexit ‘teething problems’
Jaguar Land Rover shuts two factories due to semiconductor shortage
Jaguar Land Rover (JLR) is temporarily closing two of its UK plants due to a global shortage of semiconductors. The manufacturer’s factories in Castle Bromwich and Halewood will begin “operating a limited period of non-production” from 26 April, while operations will continue at the JLR Solihull plant. In a statement, JLR said: “Like other automotive… Continue reading Jaguar Land Rover shuts two factories due to semiconductor shortage
Inside the industry: These premium brands are in trouble
Electrification, connectivity, autonomy, fast-moving start-up companies, a global pandemic, Brexit, semiconductor shortages, changing consumer habits, new retail models, a Suez Canal blockage… The list of short- and long-term challenges facing the car industry today is extensive, occasionally bordering on farcical and for some potentially ruinous. Who is in trouble? Here are five that we rate… Continue reading Inside the industry: These premium brands are in trouble
Mini will pause Oxford production line due to computer chip shortage
Mini will lose three days of production at its Oxford factory as the carmaker contends with shortages of computer chips, amid global supply chain problems. The plant will pause production on Friday, over the bank holiday, as well as Tuesday and Wednesday while it waits for more supplies of chips. Mini, owned by BMW, is… Continue reading Mini will pause Oxford production line due to computer chip shortage