Tag: Brexit

UK carmakers face higher tariffs as EU rejects component plea

British car manufacturers could face higher export tariffs with or without a Brexit deal after the EU rejected an argument that components from Japan used on UK assembly lines should be considered British. The car industry has maintained that parts for cars, vans and trucks that have been sourced in non-EU countries should be deemed… Continue reading UK carmakers face higher tariffs as EU rejects component plea

UK engine production down -35.1% in August as sector braces for coronavirus second wave

25 September 2020 #SMMT News #UK Manufacturing 106,398 UK engines produced in August as output falls -35.1%. Production for domestic and overseas markets declines -36.9% and -34.1% respectively. Year-to-date engine production now down -35.2% as coronavirus second wave looms. Mike Hawes, SMMT Chief Executive, said, These figures come at an extremely worrying time for the… Continue reading UK engine production down -35.1% in August as sector braces for coronavirus second wave

Commercial vehicle production falls -11.5% in August

25 September 2020 #SMMT News #UK Manufacturing August commercial vehicle production declines -11.5%, with 4,915 vans, taxis, trucks and buses manufactured. Some 641 fewer vehicles produced in the month than the previous year, which marked the strongest August since 2012. Year-to-date performance remains down, as industry struggles to make up demand shortfall of -20.0%. UK… Continue reading Commercial vehicle production falls -11.5% in August

UK car manufacturing falls -44.6% in August as coronavirus bites again

UK car production declines -44.6% in August with 51,039 units rolling off factory lines. Ongoing coronavirus crisis stalls efforts to ramp up output with weak demand overseas compounded by heavy domestic losses. Production so far this year down -40.2% with a loss of 348,821 units worth more than £9.5bn to UK car makers. As pandemic’s… Continue reading UK car manufacturing falls -44.6% in August as coronavirus bites again

Car makers warn of Brexit and Covid ‘double whammy’

UK and European car makers have warned a no-deal Brexit could put a £100bn dent in the region’s car industry in the next five years, adding to heavy losses already caused by Covid-19. A letter signed by 23 trade groups across Europe urges the government to make a deal rather than default to World Trade… Continue reading Car makers warn of Brexit and Covid ‘double whammy’

Only weeks left to save EU and UK auto sectors from €110 billion ‘no deal’ Brexit disaster

EU and UK automotive leaders unite to call for urgent agreement of an ambitious free trade deal before the end of the transition period in just 15 weeks’ time. New calculations show the catastrophic impact of ‘no deal’ with WTO tariffs putting production of some 3 million EU and UK built cars and vans at… Continue reading Only weeks left to save EU and UK auto sectors from €110 billion ‘no deal’ Brexit disaster

German Manager Magazin: Daimler AG: Ineos submits binding offer for Smart-Werk000079

The sale of the Smart factory in Hambach, France is about to be completed. The talks with the British petrochemical company Ineos were positive and well advanced, said Daimler on Thursday with. Ineos Automotive submitted a binding purchase offer for Smart France. A decision can only be made when the talks with the employees have… Continue reading German Manager Magazin: Daimler AG: Ineos submits binding offer for Smart-Werk000079