Tag: Brexit

UK says EU trade deal will be difficult if no progress before October

Britain left the EU on Jan. 31 but talks have so far made little headway on agreeing a new trade deal with the bloc by the time a status-quo transition arrangement ends in December. LONDON: Britain warned the European Union on Thursday that it would be difficult to conclude a Brexit free trade deal by… Continue reading UK says EU trade deal will be difficult if no progress before October

Bentley to cut nearly a quarter of its workforce

Automotive industry Carmaker hopes to cut 1,000 jobs through voluntary redundancies but warns no-deal Brexit will deepen coronavirus impact The luxury carmaker warned it could not rule out future compulsory redundancies, as the pandemic reduces demand for cars. Photograph: John Sibley/Reuters Bentley has confirmed it is seeking to make 1,000 job cuts through a voluntary… Continue reading Bentley to cut nearly a quarter of its workforce

Coronavirus: Lookers and Aston Martin cut 2,000 car jobs

Car dealership Lookers has announced it will cut up to 1,500 jobs with the closure of more showrooms in the UK. The company reopened its showrooms on Monday after the government lifted coronavirus lockdown restrictions. Luxury carmaker Aston Martin also announced 500 redundancies, a week after naming a new chief executive. It comes as the… Continue reading Coronavirus: Lookers and Aston Martin cut 2,000 car jobs

Rumor: Tesla and UK government are working on a factory

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

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