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’
Tag: Brexit
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
Sports carmaker Lotus to ramp up production more than tenfold
The sports carmaker Lotus has unveiled plans to increase its output more than tenfold, in a boost to the UK’s post-Brexit automotive sector that will lead to new electric models being built in Norfolk. Lotus, majority-owned by China’s Geely since 2017, said it would ramp up production at sites including its Hethel plant, near Norwich,… Continue reading Sports carmaker Lotus to ramp up production more than tenfold
Car industry lobbied UK government to delay ban on petrol and diesel cars
Britain’s biggest car manufacturers lobbied the government to delay a ban on petrol and diesel cars by warning that sales would plunge and jobs would be at risk from accelerating the transition to electric vehicles, the Guardian can reveal. The government announced in November that it would move forward a ban on the sale of… Continue reading Car industry lobbied UK government to delay ban on petrol and diesel cars
Inside the industry: Pre-registering EVs helps manufacturers avoid emissions fines
Pre-registration is the car industry’s dirty little secret or the customer’s best friend, depending on your perspective. It relates to cars that have never been owned or driven by a member of the public but been registered to a dealer, broker or leasing firm and thus – on paper, at least – found a first… Continue reading Inside the industry: Pre-registering EVs helps manufacturers avoid emissions fines
UK car industry reports worst February sales since 1959
The car industry has had its worst February for sales since 1959 as dealerships across the UK remained closed through national lockdowns. British consumers bought only 51,300 cars in the month, a 35.5% year-on-year decline, according to the Society of Motor Manufacturers and Traders (SMMT). The lobby group also cut its new car sales forecast… Continue reading UK car industry reports worst February sales since 1959
Stellantis waiting for UK support on Vauxhall plant – Automotive News Europe
March 03, 2021 11:59 AM Ellesmere Port factory could focus on electric cars Reuters PARIS — Any investment by Stellantis in its Vauxhall plant in Ellesmere Port, England, is dependent on support from the British government, CEO Carlos Tavares said in an interview with a French newspaper. Tavares said the automaker was now looking at… Continue reading Stellantis waiting for UK support on Vauxhall plant – Automotive News Europe
FT 1000: the fifth annual list of Europe’s fastest-growing companies
Europe’s high-growth companies are facing another year of slower progress as the pandemic continues to constrain business activity. Delayed recoveries in demand across the continent’s economies, along with the headwinds wrought by Brexit, complicate the battle to survive this challenging period. Half of all European companies have reported a revenue or profit decline in the past… Continue reading FT 1000: the fifth annual list of Europe’s fastest-growing companies