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
Tag: 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
UK car industry warns of £55bn no-deal Brexit hit
“Automotive is nothing if not determined, adaptable and resilient, yet, as the clock ticks ever closer to midnight on Brexit negotiations, the competitiveness and employment we need get back to growth – green growth – hangs in the balance,” said the group’s chief executive, Mike Hawes. Go to Source
Drive home Brexit deal for Christmas or risk £55bn manufacturing hit, warns UK auto sector
UK Automotive warns of Brexit tariff damage as new figures reveal ‘no deal’ would cut vehicle production by two million over next five years. WTO tariffs would strike £55.4bn blow to UK sector by 2025 with annual production falling below one million units consistently. Brexit deal must work for automotive to sustain competitiveness, help drive… Continue reading Drive home Brexit deal for Christmas or risk £55bn manufacturing hit, warns UK auto sector
German Handelsblatt: Auto industry: BMW withdraws engine production for combustion engines from Germany000813
BMW headquarters in Munich In future, the group will no longer build internal combustion engines at its headquarters. (Photo: AP) Munich The BMW Group is reorganizing its production network. The production of diesel and combustion engines is to be withdrawn from the Munich headquarters by 2024. Large engines will be relocated to the British plant… Continue reading German Handelsblatt: Auto industry: BMW withdraws engine production for combustion engines from Germany000813
Nissan warns on its UK future without a Brexit deal
New Nissan Qashqai to be built at Sunderland plant Go to Source
Nissan’s UK business tough to sustain without Brexit trade deal – COO Gupta
File Image By Tim Kelly and David Dolan TOKYO: Any final exit by Britain from the European Union that worsens business conditions through increased tariffs would threaten the sustainability of Nissan Motor Co’s UK operations, the Japanese car maker’s chief operating officer (COO) cautioned. Nissan, which employs 7,000 people at Britain’s biggest auto plant in… Continue reading Nissan’s UK business tough to sustain without Brexit trade deal – COO Gupta
New car registrations decline -1.6% as Welsh ‘firebreak’ lockdown subdues demand
UK new car market falls -1.6% in October, with 140,945 cars registered, marking a nine-year low for the sector. Welsh ‘firebreak’ accounts for more than half of month’s losses, ahead of new ‘stay at home’ order for England, forcing UK showrooms to close in November. Industry pins hopes on click & collect to avoid repeat… Continue reading New car registrations decline -1.6% as Welsh ‘firebreak’ lockdown subdues demand