By Nick Carey and Barbara Lewis New Delhi: Britain has set a fast pace in the electric vehicle race with its 2030 ban on sales of new fossil fuel-powered cars and has offered 1 billion pounds ($1.4 billion) to jump start its battery industry and associated supply chain. But the cash and the headline-grabbing deadline… Continue reading Running low on battery power: Brexit Britain faces an acid test
Tag: Brexit
German Manager Magazin: Nissan and Envision AESC build battery factory in Sunderland, England000917
The Japanese auto company Nissan wants to invest heavily in its plant in Sunderland, England, despite Brexit. A new electric car is to be produced there in the future. Nissan and its Chinese partner Envision AESC also want to build a completely new plant for batteries in the city. The plant with a capacity of… Continue reading German Manager Magazin: Nissan and Envision AESC build battery factory in Sunderland, England000917
Nissan announces major UK electric car expansion
But amidst the euphoria, a few sobering facts. By industry estimates, the UK is currently on course to have less than a tenth of the battery production capacity of Germany by 2025. From 2024, under the terms of the UK-EU Brexit deal, the percentage of components required to be sourced within the UK or EU… Continue reading Nissan announces major UK electric car expansion
The Guardian view on state subsidy: Brussels was not the problem | Editorial
The purpose of Brexit is summarised by its advocates in a word – sovereignty. In practice, that means the power to enact laws that European Union membership would forbid. With the exception of border control, the leave campaign avoided spelling out what those legal departures might be. The picture is coming into focus. On Wednesday,… Continue reading The Guardian view on state subsidy: Brussels was not the problem | Editorial
Nissan expected to announce plans to build battery ‘gigafactory’ in Sunderland
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
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