Tag: Brexit

EU-UK trade deal: EU automobile manufacturers react

Brussels, 24 December 2020 – The European Automobile Manufacturers’ Association (ACEA) welcomes the deal struck today between the European Union and the United Kingdom on their future trading relations. This agreement is a great relief for European automobile manufacturers, allowing the sector to avoid the catastrophic effect of a no-deal Brexit. “There is no other… Continue reading EU-UK trade deal: EU automobile manufacturers react

Brexit has given competitive edge on car battery tariffs, says Nissan chief

Nissan has said Brexit has given the company an edge, as the Japanese carmaker said it will buy more batteries from within the UK to avoid tariffs. The owner of the UK’s largest car factory, in Sunderland, also said it would push ahead with the production of a new version of its Qashqai SUV this… Continue reading Brexit has given competitive edge on car battery tariffs, says Nissan chief

INTERVIEW: R&D, tech vital for UK’s EV ambitions: Ex-Aston CEO – S&P Global

Highlights Norway EV sales hit 50% Rules of Origin important factor Not a singular race for raw materials London — The new year is shaping up to be the year of the electric vehicle, and to keep up the UK must invest not only in EV battery factories but also world-leading R&D and technology, Andy… Continue reading INTERVIEW: R&D, tech vital for UK’s EV ambitions: Ex-Aston CEO – S&P Global

BMW targets higher margins while investing in electric cars

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

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.”

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