By Christina Amann 3 Min Read MUNICH (Reuters) – BMW aims to return to its pre-pandemic operating margin target as the global economy recovers, but big investments in electric cars mean the automaker will have to simplify its vehicle portfolio, its finance chief told Reuters. Slideshow ( 3 images ) Nicolas Peter said orders had… Continue reading BMW targets higher margins while investing in electric cars
Tag: Brexit
Ineos Automotive speaks out on Grenadier’s French factory – AutoExpress
Ineos Automotive recently announced that it would move the Grenadier’s production facility from Wales to France. At the time, the move was branded a “no brainer” by the brand’s commercial director, Mark Tennat, despite the fact that it scuppered 500 jobs for the UK’s post-Brexit motor industry. Ineos originally planned to assemble the Grenadier in… Continue reading Ineos Automotive speaks out on Grenadier’s French factory – AutoExpress
Vauxhall plant at risk after ‘brutal’ 2030 ban, says Stellantis boss
The future of Vauxhall’s UK car production will depend on government support after the “brutal” decision to ban the sale of new petrol and diesel cars from 2030, according to the boss of Stellantis, the newly formed carmaker. Stellantis was officially created on Saturday after the completion of the merger between Fiat Chrysler Automobiles and… Continue reading Vauxhall plant at risk after ‘brutal’ 2030 ban, says Stellantis boss
Dr Andy Palmer: “Build batteries or lose UK car industry.”
Dr Palmer: “Without electric vehicles’ batteries made in the UK, the country’s auto industry risks becoming an antiquated relic and overtaken by China, Japan, America and Europe.” An urgent plan to build four battery ‘gigafactories’ in the UK within the next five years is vital to avoid losing the entire UK automotive industry, according to… Continue reading Dr Andy Palmer: “Build batteries or lose UK car industry.”
Boss of newly merged Fiat and Peugeot warns on UK investment
Stellantis chief Carlos Tavares says electric rules and Brexit risk ‘destroying the business model’ of Vauxhall plant Go to Source
Explainer: What the Brexit deal means for car manufacturers
Deal or no deal, there were always going to be obstacles to post-Brexit trade. Here’s what the agreement should mean for the automotive sector. Bureaucracy Jubilation at the trade deal was tempered by scepticism at prime minister Boris Johnson’s assertion that UK industry would face “no non-tariff barriers” when trading with the EU. The new… Continue reading Explainer: What the Brexit deal means for car manufacturers
Global shortage of semiconductors compels car makers to halt production
A global shortage of semiconductor computer chips continues to disrupt the automotive supply chain, with Toyota and Volkswagen among the latest crop of manufacturers forced to restrict production. Semiconductors – a crucial component for modern infotainment systems, driver aids and various electrical components – are in particularly high demand because of a pandemic-driven surge in demand for consumer electronic… Continue reading Global shortage of semiconductors compels car makers to halt production
Honda to halt UK car output due to COVID-related supply issues
LONDON (Reuters) — Japanese carmaker Honda said it would halt output at its British factory from Monday to Thursday next week due to COVID-19 related global supply chain issues, the latest production suspension in recent weeks. “The situation is currently being monitored with a view to re-start production on Friday 22 January,” the company said… Continue reading Honda to halt UK car output due to COVID-related supply issues
Honda to close UK plant for four days owing to supply chain problems
Honda will shut its UK factory for four days next week as global supply chain problems caused by the coronavirus pandemic continue to plague the Japanese carmaker. The closure is thought to be related to the unavailability of semiconductors, the computer chips used to run cars’ onboard management systems. The problem has affected carmakers around… Continue reading Honda to close UK plant for four days owing to supply chain problems
Honda halts Swindon production for third time due to parts delays
Honda will pause production at its Swindon factory next week due to a shortage of parts, as the pandemic continues to impact manufacturer supply chains. In an official statement, the brand said: “Some production activities will not run Monday 18 to Thursday 21 January due to Covid-related supply issues. The situation is currently being monitored with a view… Continue reading Honda halts Swindon production for third time due to parts delays