A rumor is circulating about Tesla and the British government working together on finding a location for a factory in England. Tesla is currently undergoing a massive expansion in Europe with its first full-fledged factory near Berlin and a new design and research center in the German capital. After announcing that Tesla’s first factory in… Continue reading Rumor: Tesla and UK government are working on a factory
Tag: Brexit
Nissan: UK factory still under threat from no-deal Brexit
Media playback is unsupported on your device The UK’s largest car manufacturing plant is “unsustainable” if the UK leaves the European Union without a trade deal, owner Nissan says. The Japanese company’s global chief operating head told the BBC people had to understand the EU was the Sunderland factory’s biggest customer. Ashwani Gupta said that… Continue reading Nissan: UK factory still under threat from no-deal Brexit
Nissan’s Sunderland plant at risk if UK leaves EU without deal
Nissan No-deal Brexit tariffs would make manufacturing in Britain unviable, says carmaker About 70% of the cars manufactured in Sunderland are sold in the EU. Photograph: Phil Noble/Reuters Nissan has said its Sunderland manufacturing plant is still under threat if the UK leaves the EU without a trade deal. Last week Nissan said the UK’s… Continue reading Nissan’s Sunderland plant at risk if UK leaves EU without deal
Vertu Motors announces acquisition intention in 2019 financial results
Vertu Motors declared an intention to add new manufacturer partners as it grows through acquisition in a 2019 results statement following its first two days of showroom trading since the COVID-19 lockdown. Group chief executive, Robert Forrester, told AM “there’s no point being pessimistic” as he discussed the results of the group’s financial year to… Continue reading Vertu Motors announces acquisition intention in 2019 financial results
Only 15 commercial vehicles manufactured in April, down -99.3% due to coronavirus shutdown
29 May 2020 #SMMT News #UK Manufacturing British commercial vehicle output drops -99.3% in April, with just 15 units rolling off production lines as nationwide factory closures hit. Year-to-date production down -27.6%, driven by lowest monthly output on record, compared with an already low volume April in 2019.1 CV manufacturers continue to supply parts for… Continue reading Only 15 commercial vehicles manufactured in April, down -99.3% due to coronavirus shutdown
UK car manufacturing plummets -99.7% in April as coronavirus stops production
British car production falls -99.7% in April with 197 units made as coronavirus pandemic closes factories. Car makers instead turn out more than 700,000 pieces of PPE, including face shields, visors and gowns, to support UK’s healthcare workers. Lowest monthly output since Second World War drives year-to-date production down -27.6%, with 121,811 fewer cars built.… Continue reading UK car manufacturing plummets -99.7% in April as coronavirus stops production
UK farming and car industry to be protected in post-Brexit trade regime
International trade Government sets out plan to cut tariffs, with many import duties to be reduced to zero A car-carrying ship delivers new vehicles to a compound near Sheerness in Kent. The UK plans to keep the tariff of 10% on cars in the post-Brexit trade regime. Photograph: Gareth Fuller/PA Britain’s farmers and carmakers will… Continue reading UK farming and car industry to be protected in post-Brexit trade regime
Nissan could introduce Renault production to UK Sunderland plant – AM
Nissan could accommodate production of Renault’s Captur and Kadjar SUVs at its UK plant in Sunderland as part of a shake-up of its European car manufacturing operations. Japanese financial newspaper, Nikkei Shimbun, reported that the carmaker may look to shut a plant in Barcelona and switch some of its production to Sunderland as it considers… Continue reading Nissan could introduce Renault production to UK Sunderland plant – AM
Administrators brought in at car parts maker
Administrators have been brought in at a car parts maker as the coronavirus outbreak led to a drop in new cars being bought. Arlington Automotive Group employs about 600 people in sites in Coventry, Newton Aycliffe, Reading, Stourport, Birmingham and Manchester. Its Derby site has already started closing. The company supplies car makers such as… Continue reading Administrators brought in at car parts maker
04/30/2020MAHLE steers steady course through coronavirus crisis
MAHLE steers steady course through coronavirus crisis
Stuttgart, April 30, 2020 – In the current coronavirus crisis, the MAHLE Group can rely on a sound financial position and liquidity. In the 2019 financial year, the automobile component supplier intensified its strategic and technological realignment despite challenging conditions. MAHLE recorded the largest volume of orders received in the history of the Group, with orders running into the billions in the field of new technologies alone. The technology group now has an unmatched broad-based portfolio for the various types of drive system. Dependence on the internal combustion engine for motor vehicles has now fallen almost to the 40 percent mark. Despite the current crisis, MAHLE remains on track for the future and is consistently forging ahead with its efficiency improvement programs. Intensive preparations are now underway for the resumption of production at the Group’s European plants.
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Press release [PDF; 20 KB]Speech MAHLE annual press conference [PDF; 84 KB]Soundbite: MAHLE CEO Dr. Jörg Stratmann about Dual Strategy [MP3; 652 KB]Soundbite: MAHLE CEO Dr. Jörg Stratmann about New Technologie [MP3; 379 KB]Soundbite: MAHLE CEO Dr. Jörg Stratmann about Corona [MP3; 598 KB] Consistent realignment: With innovations such as the CLEPA-awarded electric air conditioning compressor, MAHLE achieves the highest order intake in the company's history.
Download [JPG; 6305 KB] Thanks to its solid financial position, MAHLE is steering through the corona crisis in a stable manner.
Download [JPG; 19 MB] MAHLE can rely on sound financial position in current crisisCEO Dr. Jörg Stratmann: “We will master the crisis.”2019 financial year characterized by strategic transformation of GroupGroup remains on track for future despite crisis and consistently forges ahead with efficiency improvement programsSuccessful orientation of portfolio towards new technologies; highest volume of orders received in history of Group“The coronavirus crisis is having a massive impact on our business. There was a drastic fall in sales in March and April and 2020 will be an extremely difficult year for MAHLE,” said Dr. Jörg Stratmann, CEO and Chairman of the MAHLE Group Management Board at the Annual Press Conference in Stuttgart on Thursday. “The MAHLE Group has a sound financial position. This is why we can survive a crisis for a certain time. It is our entrepreneurial responsibility to consistently continue our efficiency improvement programs and to maintain our strict cost discipline. This way, we will master the crisis.”
Following the almost complete closure of its plants throughout the world, MAHLE is now preparing intensively for the resumption of production in Europe. “We have delivery capabilities and are in a position to meet our customers’ demand. We remain a partner that is known and appreciated for its reliability,” said Jörg Stratmann.
The MAHLE CEO appealed to politicians to define conditions for the revival of the economy and the stimulation of demand in the near future with a view to safeguarding value addition and employment in Germany. “In my opinion, incentives offered for a limited period such as car purchase bonuses or a temporary reduction in value-added tax would be effective tools,” said Stratmann. “It is important to create perspectives for industry and consumers now.” Stratmann expressly calls for technology-neutral measures that address the market on a broad basis, i.e. not only electric vehicles and hybrid drives but also modern, economical gasoline and diesel vehicles.
The 2019 financial yearThe 2019 financial year was characterized by a decline in markets throughout the world. The MAHLE Group was not immune to this development. However, with an adjusted fall of 3 percent in sales to €12.0 billion, it performed better than the market as a whole, which suffered an overall decline of about 5 percent.
Despite the economic headwind and other challenging effects such as the fundamental transformation of the automotive industry, negative geopolitical impacts, the Brexit debate and a political environment with ambitious targets, MAHLE continued to pursue its strategy consistently last year. In 2019, the fall in sales, the continued high investments in research and development, operational issues and high accruals for restructuring led to a consolidated net loss of about €212 million. “Despite this temporary development, we continue to forge ahead with the realignment of MAHLE,” said Stratmann. “We are doing our homework to position our Group successfully for the future. We intend to play an active role in shaping change in our sector and to remain a successful market player and an attractive employer.”
MAHLE has clearly defined its goals for safeguarding its competitiveness; the further development of future-oriented technological fields, the improvement of productivity and profitability and the adaptation of the Group structure to the changed business environment.
In 2019, MAHLE implemented a comprehensive package of measures. The “Electronics and Mechatronics” business unit was newly established with effect from January 1, 2020 in order to pool the competences of the Group in these fields of technology and to focus even more strongly on the development and production of electric motors as well as electronic and mechatronic systems. The Group maintained investments in research and development unchanged at a high level. The cost saving programs in various business areas of the Group achieved their interim targets in 2019.
About MAHLEMAHLE is a leading international development partner and supplier to the automotive industry as well as a pioneer for the mobility of the future. The MAHLE Group is committed to making transportation more efficient, more environmentally friendly, and more comfortable by continuously optimizing the combustion engine, driving forward the use of alternative fuels, and laying the foundation for the worldwide introduction of e-mobility. The Group’s product portfolio addresses all the crucial issues relating to the powertrain and air conditioning technology—both for drives with combustion engines and for e-mobility. MAHLE products are fitted in at least every second vehicle worldwide. Components and systems from MAHLE are also used off the road—in stationary applications, for mobile machinery, rail transport, as well as marine applications.
In 2019, the Group generated sales of approximately EUR 12.0 billion with approximately 77,000 employees and is represented in over 30 countries with 160 production locations. At 16 major research and development centers in Germany, Great Britain, Luxembourg, Spain, Slovenia, the USA, Brazil, Japan, China, and India, more than 6,100 development engineers and technicians are working on innovative solutions for the mobility of the future.
Contacts at MAHLE Communications:Manuela Hoehne
Director MAHLE Communications and Public Relations
Phone: +49 711 501-12506
E-Mail: manuela.hoehne@mahle.com
Ruben Danisch
Head of Corporate Communications & Product Communications
Phone: +49 711 501-12199
E-Mail: ruben.danisch@mahle.com