Nissan’s sales in Europe fell by over a quarter in the first nine months as the company suffered headwinds ranging from an aging model lineup, difficulties adapting to WTLP regulations and management turmoil related to the departure of its scandal-hit leaders Carlos Ghosn and Hiroto Saikawa. The sales decline has happened under the watch of… Continue reading Nissan Europe boss suffers sales slide to prep for profitable future – Automotive News Europe
Tag: Brexit
McLaren looks to Asia and hybrid cars to stay on track
DETROIT (Reuters) – British exotic sports car maker McLaren Automotive will bank on expanded sales in Asia and a new generation of hybrid cars as it steers toward a potential public offering, the company’s chief executive said on Tuesday. FILE PHOTO: The McLaren Grand Tourer is seen during a world premiere at the Top Marques… Continue reading McLaren looks to Asia and hybrid cars to stay on track
UK engine manufacturing down -6.2% in October
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
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