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’
Tag: Brexit
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
Production of Nissan’s UK flagship vehicle delayed further
New Qashqai model was supposed to embody carmaker’s commitment to Britain after Brexit Go to Source
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
Commercial vehicle production rises 3.6% in July
27 August 2020 #SMMT News #UK Manufacturing July production up 3.6%, with 5,234 commercial vehicles manufactured. Glimmer of hope comes from uptick in orders from Europe, with 53.4% of all units produced in July destined for EU markets. Year-to-date output down -21.2%, with July growth failing to make up for 8,529-unit loss in first seven… Continue reading Commercial vehicle production rises 3.6% in July
July UK car production down -20.8% as uncertainty reigns
UK car manufacturing falls -20.8% in July with 85,696 units made as factories struggle to ramp up output and global demand recovers slowly. Production for UK buyers down -37.1% as exports also decline, but by a less substantial -16.8%. 307,707 units lost in year to date, down -39.7%, as coronavirus crisis forced markets and plants… Continue reading July UK car production down -20.8% as uncertainty reigns
Japan fails to win early end to auto tariffs in UK trade deal
TOKYO — Japan and the U.K. will agree to eliminate British tariffs on Japanese autos by 2026, despite a push by Tokyo for an earlier phase out, Nikkei has learned. The two countries are working toward an agreement in principle on a trade deal by the end of this month, ministers said Friday. Cars and agricultural products are two… Continue reading Japan fails to win early end to auto tariffs in UK trade deal
@VW Group: TRATON GROUP sees first signs of business recovery in third quarter
The TRATON GROUP recorded lower unit sales, sales revenue, and earnings in the first six months of 2020 in the wake of the expected market downturn in Europe and the significant impact of the global COVID-19 pandemic. Unit sales recorded by the three brands Scania, MAN and Volkswagen Caminhões e Ônibus from January to June… Continue reading @VW Group: TRATON GROUP sees first signs of business recovery in third quarter
Dealers are “optimistic” of a long-term recovery for motor retail sector
Car dealers are optimistic about the future of the motor retail sector, with 71% of dealers feel confident in the longer-term recovery. According to research from the Britain Under the Bonnet report, from Close Brothers Motor Finance, at the beginning of 2020, 98% of car dealers were confident about business prospects for the year ahead, with… Continue reading Dealers are “optimistic” of a long-term recovery for motor retail sector
UK car production down -42.8% in first half as sector sheds more than 11,000 jobs amid coronavirus crisis
UK car manufacturing output declines -48.2% in June with 56,594 units produced, rounding off weakest six months since 1954. Factories turn out just 381,357 cars in the year-to-date, down -42.8% on 2019 – a decline of more than 285,000 units. 11,349 jobs already cut across manufacturing and retail during the pandemic, with more at stake… Continue reading UK car production down -42.8% in first half as sector sheds more than 11,000 jobs amid coronavirus crisis