By Reuters Staff 1 Min Read FILE PHOTO: Britain’s chief negotiator David Frost is seen before a Cabinet meeting at Downing Street in London, Britain, September 8, 2020. REUTERS/Simon Dawson LONDON (Reuters) – Britain’s chief Brexit negotiator David Frost said that his team is working very hard to get a trade deal with the European… Continue reading UK’s Frost says working very hard to get EU deal, Oct. 15 is deadline
Tag: Brexit
Nissan and Toyota to seek compensation from UK in no-deal Brexit
Japanese manufacturers Nissan and Toyota have demanded that the UK government reimburses them for tariff costs if the UK can’t agree on a Brexit deal with the European Union (EU). As first reported by business publication Nikkei Asia, the companies are preparing themselves for a 10% tariff on cars exported from the UK to the EU that could come into place… Continue reading Nissan and Toyota to seek compensation from UK in no-deal Brexit
Dealers hit by lack of availability of new and used cars
Dealer shave been hit by a lack of availability in both the new and used car markets. According to Philip Nothard, customer insight & strategy director for Cox Automotive UK, many dealers reporting strong demand ran out of cars. “Demand for new cars in September started strong but ended-up behind last year’s performance in the… Continue reading Dealers hit by lack of availability of new and used cars
UK new van market accelerates 26.4% in September, but uncertainty ahead
UK new van market grows by 26.4%, following a weaker than usual month last year due to emissions regulation changes. Registrations of most segments show double-digit growth against last year’s low volumes. Market still below ‘normal’ levels, down -6.6% on previous five-year September average. Performance year-to-date remains down -27.4%, a shortfall of almost 80,000 units.… Continue reading UK new van market accelerates 26.4% in September, but uncertainty ahead
New car registrations drop -4.4% in weakest ever ‘new plate’ September
Just 328,041 cars registered – the lowest September volume recorded since 1999. Decline represents -15.8% drop on 10-year September average.1 New 70-plate, model upgrades and attractive offers help but industry still counting cost of lockdown with more than 615,000-unit year to date shortfall. SEE CAR REGISTRATIONS BY BRAND DOWNLOAD THE PRESS RELEASE AND DATA The… Continue reading New car registrations drop -4.4% in weakest ever ‘new plate’ September
Worst September for UK car sales this century
New UK car registrations fell 4.4% in September from a year earlier, according to the motor industry. That made it the worst September this century in what is normally the industry’s second most important month. There were just 328,041 new registrations in the month, said the Society of Motor Manufacturers and Traders (SMMT). The car… Continue reading Worst September for UK car sales this century
Toyota, Nissan seek customs reimbursement from UK if Brexit talks fail: Nikkei
By Reuters Staff 2 Min Read Slideshow ( 3 images ) TOKYO (Reuters) – Japanese automakers Toyota Motor Corp 7203.T and Nissan Motor Co Ltd 7201.T would seek reimbursement from Britain if the government fails to agree an EU trade deal, the Nikkei financial daily reported on Monday. The companies are bracing for an additional… Continue reading Toyota, Nissan seek customs reimbursement from UK if Brexit talks fail: Nikkei
Car trim company warns 130 jobs at risk
About 130 workers at a car trim plant in Monmouthshire could lose their jobs. Northern Automotive Systems in Gilwern is consulting staff on cutting over a third of the 320-strong workforce. Parent company NBHX said the site had made “considerable financial losses” in recent years, with market shifts due to Brexit also a factor in… Continue reading Car trim company warns 130 jobs at risk
SMMT statement on Brexit negotiations
SMMT statement: The UK government has repeatedly expressed support for our automotive industry as the nation’s biggest exporter of goods. Given its importance to the economy and livelihoods and the damaging consequences of tariffs, we need the sector prioritised in negotiations, not traded off against other industries. Any agreement must work for automotive so we… Continue reading SMMT statement on Brexit negotiations
Brexit: Blow to UK car industry in search for EU deal
Britain’s car industry risks losing out even if there is a post-Brexit trade deal with the EU, according to documents seen by the BBC. Car parts from Japan and Turkey used in the UK will not be treated as British, so some exports may see higher tariffs. In a letter, Britain’s chief Brexit negotiator says… Continue reading Brexit: Blow to UK car industry in search for EU deal