Tag: Brexit

Vertu buys BMW and MINI dealerships from Inchcape

Vertu Motors has bought BMW and MINI dealerships located in York, Sunderland, Teesside, Durham and Malton from Inchcape. The £18.7m deal also included a BMW Motorrad motorcycle operation in Sunderland and a used car operation located in York. The assets acquired include £16m of freehold and long leasehold properties and a payment in respect of… Continue reading Vertu buys BMW and MINI dealerships from Inchcape

Toyota will not invest in electric cars in UK until at least 2034

Toyota will not invest in building battery electric cars in Britain until at least the mid-2030s, dealing a blow to hopes that UK car factories will take a leading role in the move away from fossil fuels. Johan van Zyl, the chief executive of Toyota Motor Europe, said that hybrid cars containing both internal combustion… Continue reading Toyota will not invest in electric cars in UK until at least 2034

Bentley books planes to bring in parts in event of no-deal Brexit

Automotive industry CEO says carmaker is ‘ready to jump off a cliff with a parachute that hasn’t been tested’ Bentley cars coming off the production line in Crewe. Photograph: Phil Noble/Reuters Bentley has lined up five cargo planes to fly in car parts if there is disruption at the UK border in the event of… Continue reading Bentley books planes to bring in parts in event of no-deal Brexit

Bentley hires jets to fly car parts to Britain during Brexit

By Reuters Staff 3 Min Read FRANKFURT (Reuters) – Bentley, the luxury carmaker owned by Volkswagen has booked five Antonov cargo jets to help overcome potential supply bottlenecks in the event of a disorderly exit of Britain from the European Union, the carmaker said on Wednesday. FILE PHOTO: A Bentley logo is pictured on a… Continue reading Bentley hires jets to fly car parts to Britain during Brexit

UK carmakers plead for clarity as they stockpile parts and cars for Brexit

Automotive industry WTO tariffs could add 10% to car prices if deal is not agreed before 2021 New cars in a compound near Sheerness in Kent. Firms including Volkswagen and Honda are stockpiling cars and parts. Photograph: Gareth Fuller/PA Carmakers are bracing for the final Brexit deadline by moving cars and parts both ways across… Continue reading UK carmakers plead for clarity as they stockpile parts and cars for Brexit

British engine production declines by a fifth in October

26 November 2020 #SMMT News #UK Manufacturing 197,374 UK engines built in October as output declines by -20.1% Production for domestic and overseas markets falls -25.2% and -16.4% respectively. Year-to-date output remains down -30.1% as sector faces triple whammy of coronavirus, Brexit and 2030 end of sale date. Mike Hawes, SMMT Chief Executive, said, Another… Continue reading British engine production declines by a fifth in October

UK commercial vehicle production down -25.6% in October

UK commercial vehicle production falls by -25.6% as 6,761 units leave factory gates in October. Production both for overseas and domestic markets in double digit decline as dual impact of Covid-19 and risk of ‘no deal’ Brexit bring down operator confidence. Shortfall of 11,256 commercial vehicles in first 10 months pulls year-to-date performance down -18.1%.… Continue reading UK commercial vehicle production down -25.6% in October

October UK car production down -18.2% as sector awaits critical Brexit deal

UK car production falls -18.2% in October with 110,179 units leaving factory gates. Subdued demand from EU and US markets drives -19.1% exports decline, as output for UK buyers also falls. Year-to-date output lags by -33.8% with 379,308 fewer cars made than same period in 2019. Automotive sector calls for urgent Brexit agreement with details… Continue reading October UK car production down -18.2% as sector awaits critical Brexit deal