The owner of Vauxhall has claimed it is considering the closure of its Ellesmere Port factory unless the UK government offers financial support after extended negotiations. An executive of Stellantis, the carmaker, on Thursday said it hoped to reach a binding agreement with the government on aid. Michael Lohscheller, the head of Stellantis’s Opel and… Continue reading Future of Vauxhall’s Ellesmere Port factory hangs in balance
Tag: Brexit
UK-Japan trade deal settled nerves for Japanese firms: Honda exec
Britain and Japan formally signed a trade agreement in October, marking Britain’s first big post-Brexit deal on trade. LONDON: Britain’s trade deal with Japan settled the nerves of a lot of Japanese businesses in the United Kingdom and gives them confidence about their future prospects there, a senior Honda executive said on Tuesday. Japan, the… Continue reading UK-Japan trade deal settled nerves for Japanese firms: Honda exec
Nissan plans more UK investment as it rolls out green tech
By Reuters Staff 2 Min Read Slideshow ( 3 images ) PARIS (Reuters) – Nissan will lift recent investments in its British plant to more than 1 billion pounds ($1.4 billion) in the next few years as it rolls out greener technology, the company said as it showcased its latest Qashqai car on Thursday. The… Continue reading Nissan plans more UK investment as it rolls out green tech
UK HGV registrations fall -32.2% in 2020 as operators postpone fleet renewal
Truck registrations drop to 32,918 units following bumper 2019 and impact of pandemic. Falls seen in both rigids (-27.9%) and articulated trucks (-37.2%). Q4 underwhelms with -10.9% fall despite pre-Christmas push in truck activity. Gradual return to pre-pandemic utilisation levels provides hope for 2021. SEE HGV REGISTRATIONS BY BRAND DOWNLOAD PRESS RELEASE AND DATA TABLE… Continue reading UK HGV registrations fall -32.2% in 2020 as operators postpone fleet renewal
Jaguar Land Rover to cut 2,000 jobs globally
By Derek Francis, Nandakumar D 2 Min Read Slideshow ( 2 images ) (Reuters) – Jaguar Land Rover said on Wednesday it would cut 2,000 jobs from its global salaried workforce, just days after announcing its luxury Jaguar brand will be entirely electric by 2025 and e-models of its entire lineup will be launched by… Continue reading Jaguar Land Rover to cut 2,000 jobs globally
Jaguar Land Rover returns to profit in Q3 despite pandemic
Jaguar Land Rover has issued its financials for the third quarter of this financial year, revealing a pre-tax profit of £439 million from September to December 2020 despite the effects of the coronavirus pandemic and Brexit. That figure is the best third-quarter performance Jaguar Land Rover has on record, showing a £121 million improvement over… Continue reading Jaguar Land Rover returns to profit in Q3 despite pandemic
UK new car sales fall 40% in January as lockdown bites
Just over 90,000 new cars were sold in the UK in the slowest January for more than 50 years, according to industry figures released on Thursday. Sales fell 40% compared with January 2020 to 90,249, as the closure of car showrooms under lockdown compounded the economic gloom. The Society of Motor Manufacturers and Traders (SMMT)… Continue reading UK new car sales fall 40% in January as lockdown bites
Land Rover Defender clocks monthly sales of 5,000 units, 14,000 bookings in hand
The Land Rover Defender has crossed a monthly run rate of 5,000 units and has an order book of over 14,000 units. Cumulatively, it means that nearly three months of sales are already accounted for. Sales of the Land Rover Defender grew 66 percent to 16,286 units quarter on quarter in Q3 FY2021. This performance was… Continue reading Land Rover Defender clocks monthly sales of 5,000 units, 14,000 bookings in hand
New Land Rover Defender clocks monthly sales of 5,000 units, 14,000 bookings in hand
The new Land Rover Defender has crossed a monthly run rate of 5,000 units and has an order book of over 14,000 units. Cumulatively, it means that nearly three months of sales are already accounted for. Sales of the new Land Rover Defender grew 66 percent to 16,286 units quarter on quarter. This performance was mostly… Continue reading New Land Rover Defender clocks monthly sales of 5,000 units, 14,000 bookings in hand
EU car sales: COVID recovery expected to start in 2021, auto industry says
Brussels, 3 February 2021 – After a year that saw the sharpest drop ever in EU car sales due to the COVID-19 pandemic, the European Automobile Manufacturers’ Association (ACEA) forecasts that 2021 will mark a first step on the path to recovery, with sales rising by about 10% compared to 2020. The fallout of COVID… Continue reading EU car sales: COVID recovery expected to start in 2021, auto industry says