London: Britain’s long and sometimes acrimonious divorce from the European Union ended on Thursday with an economic split that leaves the EU smaller and the UK freer but more isolated in a turbulent world. Britain left the European blocs vast single market for people, goods and services at 11 pm London time, midnight in Brussels,… Continue reading Britain ends long Brexit journey with economic break from EU
Tag: Brexit
@Ford: Ford, Mahindra End Discussions for Auto Joint Venture
DEARBORN, Mich., Dec. 31, 2020 – Ford Motor Company and Mahindra & Mahindra have mutually and amicably determined they will not complete a previously announced automotive joint venture between their respective companies. The decision follows the passing of the Dec. 31 “longstop,” or expiration, date of a definitive agreement the organizations entered into in October… Continue reading @Ford: Ford, Mahindra End Discussions for Auto Joint Venture
SMMT calls for immediate ratification and implementation of draft UK-EU Trade & Cooperation Agreement
Draft UK-EU agreement avoids ‘no deal’ disaster for UK automotive industry. Sector welcomes supportive Rules of Origin with phase-in periods and commitment to reduce customs burdens, and calls for immediate ratification. With just hours from ratification to implementation, government should provide specific additional phase-in periods for administration requirements. Investment in UK’s electrified supply chain, including… Continue reading SMMT calls for immediate ratification and implementation of draft UK-EU Trade & Cooperation Agreement
UK signs free trade agreement with Turkey
The UK has signed a free trade deal with Turkey, its first since agreeing a Brexit deal to leave the EU – a development that will strengthen ties between the two European outliers. The continuity agreement, signed by both trade ministers on Tuesday in a video conference call, takes effect on 1 January and ensures… Continue reading UK signs free trade agreement with Turkey
Race is on as carmakers shut, switch or sell combustion engine factories
Carmakers will increasingly find themselves in a race to shut, switch or sell factories producing vehicles with internal combustion engines to avoid being left with “stranded assets”, as regulators set a course for a decade of electrification to reduce carbon dioxide emissions. Traditional manufacturers are currently playing a “zero sum game” because growth in electric… Continue reading Race is on as carmakers shut, switch or sell combustion engine factories
No UK port problems so far for Jaguar Land Rover
By Reuters Staff 1 Min Read FILE PHOTO: The Jaguar Land Rover logo is seen at a dealership, following the outbreak of the coronavirus disease (COVID-19), Milton Keynes, Britain, June 1, 2020. REUTERS/Andrew Boyers/File Photo (Reuters) – Luxury carmaker Jaguar Land Rover has not seen any impact so far from issues at UK ports, its… Continue reading No UK port problems so far for Jaguar Land Rover
UK commercial vehicle manufacturing down -1.9% in November as sector calls for swift resolution to UK-EU trade talks
23 December 2020 #SMMT News #UK Manufacturing UK commercial vehicle production dips -1.9% in November with 8,605 units built. Overall decrease driven by -8.8% exports decline, while production for UK rises 10.1% as sector works to meet ecommerce-driven demand. Almost 60,000 commercial vehicles made since January, a -16.1% decrease on 2019. Industry calls for quick… Continue reading UK commercial vehicle manufacturing down -1.9% in November as sector calls for swift resolution to UK-EU trade talks
UK car manufacturing declines -1.4% in November as sector urges Brexit negotiators to ‘seal the deal’
UK car manufacturing falls -1.4% in November with 106,243 vehicles leaving production lines. Output for domestic market declines -10.4% with exports flat, up just 0.3% to 90,597 units. Year-to-date production now down -31.0% with 380,809 fewer cars manufactured in 2020. Industry calls on Brexit negotiators to ‘seal the deal’ before Christmas to avoid irrevocable damage… Continue reading UK car manufacturing declines -1.4% in November as sector urges Brexit negotiators to ‘seal the deal’
German Handelsblatt: British exit from the EU: How BMW is preparing for Brexit001012
Mini production in Oxford Bit by bit, BMW is likely to move production of the Mini to locations outside the UK. (Photo: Bloomberg) Munich Hardly any German company would be as affected by a hard Brexit as BMW. With Mini and Rolls-Royce, two out of three group brands have their headquarters on the island. Since… Continue reading German Handelsblatt: British exit from the EU: How BMW is preparing for Brexit001012
Nissan picks Japan, not Britain, to make Ariya electric car for EU
TOKYO — Nissan Motor has decided against manufacturing its newest electric vehicle in the U.K. for sale in the European Union, Nikkei has learned, over concerns that the automobile will face higher tariffs in the absence of a post-Brexit trade deal. Instead, Nissan will ship the Ariya from Japan when the vehicle goes on sale in the… Continue reading Nissan picks Japan, not Britain, to make Ariya electric car for EU