28 November 2019 #SMMT News #UK Manufacturing UK engine manufacturing falls -6.2% in October, following drop in international demand. Year to date performance -7.2% behind 2018 with orders from British plants driving the decline. Importance of frictionless trade highlighted as more than six out of 10 UK-built engines shipped overseas. Mike Hawes, SMMT Chief Executive,… Continue reading UK engine manufacturing down -6.2% in October
Tag: Brexit
UK car production falls -4.0% in October as automotive sector counts the cost of uncertainty
28 November 2019 #SMMT News #UK Manufacturing UK manufacturing output falls -4.0% in October with 134,752 units rolling off production lines. Weak demand at home with a -10.7% drop in production for UK market while exports fall -2.6%. Car production has now fallen in 16 of the last 17 months, with YTD performance down -14.4%.… Continue reading UK car production falls -4.0% in October as automotive sector counts the cost of uncertainty
Brexit: ‘Only an ambitious trade deal can protect car jobs’
The UK motor industry’s trade body says car production could be slashed by a third without a trade deal. Go to Source
Only ambitious Brexit deal will safeguard jobs and Britain’s green future
Industry calls on next government to put sector at heart of economic and trade policies, and agree an ambitious Brexit deal to deliver on UK’s green growth ambitions. New figures show tariffs would decimate UK manufacturing, with 1.5 million vehicles lost by 2024 at a cost of £42.7 billion. UK Automotive can lead in global… Continue reading Only ambitious Brexit deal will safeguard jobs and Britain’s green future
Jaguar Land Rover chief wants alliances, not a merger
LOS ANGELES (Reuters) – Luxury automaker Jaguar Land Rover’s chief executive told Reuters he is open to more alliances to lower the costs of developing technology, but is not looking for a full-blown corporate merger. FILE PHOTO: The Jaguar logo is shown as the Jaguar F-Pace SUV is introduced during the Los Angeles Auto Show… Continue reading Jaguar Land Rover chief wants alliances, not a merger
Aston Martin DBX: Andy Palmer on why it matters – CarAdvice
Aston’s boss tells CarAdvice why the DBX is vital to Aston’s future. Times are tough at Aston Martin. The English sports car maker’s share price has fallen by two thirds since it floated on the UK stock market last year, hit by both the uncertainties of Britain’s chaotic Brexit from the European Union and slipping… Continue reading Aston Martin DBX: Andy Palmer on why it matters – CarAdvice
Daimler says to cut jobs to save 1.0 bn euros by end-2022
Daimler said it was being forced to reduce costs because “the expanded range of plug-in hybrids and all-electric vehicles is leading to cost increases that will have a negative impact on Mercedes-Benz Cars’ return on sales”. Frankfurt am Main: Daimler said Thursday it planned to cut jobs to save more than 1.0 billion euros ($1.1… Continue reading Daimler says to cut jobs to save 1.0 bn euros by end-2022
Daimler seeks 1 billion euros in savings at Mercedes-Benz by cutting jobs
FILE PHOTO: A Mercedes-Benz Concept IAA car is displayed prior to the Daimler annual shareholder meeting in Berlin, Germany, April 6, 2016. REUTERS/Hannibal Hanschke FRANKFURT (Reuters) – Tougher emissions rules will hit Daimler’s profits in 2020 and 2021, prompting the German carmaker to seek more than 1 billion euros ($1.1 billion) in savings from cutting… Continue reading Daimler seeks 1 billion euros in savings at Mercedes-Benz by cutting jobs
Martinrea International Inc. Reports Record Third Quarter Results and Declares Dividend
TORONTO, Nov. 12, 2019 (GLOBE NEWSWIRE) — Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced the release of its financial results for the third quarter ended September 30, 2019 and that it has… Continue reading Martinrea International Inc. Reports Record Third Quarter Results and Declares Dividend
‘Berlin rocks’ says Elon Musk as he picks factory
Media playback is unsupported on your device Tesla’s chief executive, Elon Musk, has said Berlin will be the site of its first major European factory as the carmaker’s expansion plans power ahead. “Berlin rocks,” Mr Musk said, adding Tesla would build an engineering and design centre in the German capital. Tesla previously said it aimed… Continue reading ‘Berlin rocks’ says Elon Musk as he picks factory