Car manufacturer BMW has warned a no-deal Brexit would mean a cut in production of the Mini at its factory in Oxford. The firm’s chief financial officer Nicolas Peter said manufacturing was likely to drop at the Cowley plant, which in turn would affect jobs. “No-deal would mean that, most likely, [World Trade Organization] tariffs… Continue reading BMW warns a no-deal Brexit would mean Mini production cut in Oxford affecting UK jobs – iNews
Tag: Brexit
‘Price of UK-made cars may rise’ in no-deal Brexit
BMW’s finance chief Nicolas Peter has warned that the price of cars made in the UK could rise if the country leaves the European Union without a deal on 31 October.. Mr Peter said that if WTO tariffs are imposed from 1 November then it is highly likely that the price of cars made in… Continue reading ‘Price of UK-made cars may rise’ in no-deal Brexit
Mini plant could cut shifts in event of no-deal
Media playback is unsupported on your device Workers at the Mini plant in Oxford could see their shifts cut in the event of a no-deal Brexit, BMW’s finance chief has told the BBC. Nicolas Peter said production was likely to fall at the Cowley factory, affecting jobs. But he said BMW, which also makes Minis… Continue reading Mini plant could cut shifts in event of no-deal
BMW to close Oxford factory for two days as hard Brexit looms
BMW Mini factory in Cowley to shut on 31 October as part of car firm’s preparations for no deal Robots work on a Mini at the Cowley factory, which BMW said was likely to produce fewer cars after a no-deal Brexit. Photograph: Tolga Akmen/AFP/Getty Images BMW will close its Mini factory in Oxford for two… Continue reading BMW to close Oxford factory for two days as hard Brexit looms
Carlos Tavares, CEO of PSA Group, on Electric Vehicle Sales, Europe’s Charging Network, Brexit – Bloomberg
Carlos Tavares, CEO of PSA Group, on Electric Vehicle Sales, Europe’s Charging Network, Brexit Bloomberg PSA Group Chief Executive Officer Carlos Tavares discusses the outlook for electric vehicle sales and the charging network in Europe. He also comments on the … Go to Source
UK electric car supplier Yasa eyes Europe plant after Brexit
UK electric car supplier Yasa eyes Europe plant after Brexit Read the most robust Brexit coverage: Unmatched number of scoops Expert opinion & regional perspectives Brexit briefing newsletter Choose your subscription Trial Not sure which package to choose? Try full access for 4 weeks For 4 weeks receive unlimited Premium digital access to the FT’s… Continue reading UK electric car supplier Yasa eyes Europe plant after Brexit
No-deal Brexit would ‘destroy the lives of the next generation’ — Peugeot CEO – S&P Global
➤ No-deal Brexit is “lose-lose” for all parties and must be taken off the table, Carlos Tavares says. ➤ The CEO backs moving to zero-emission transport and is enthusiastic about electric powertrains but says the policy framework leaves electric vehicles unappealing and unaffordable for many. ➤ More stringent CO2-cutting rules for small cars are counterproductive… Continue reading No-deal Brexit would ‘destroy the lives of the next generation’ — Peugeot CEO – S&P Global
Dealers deliver ‘marginal’ improvement in profits for July
Dealers’ used car performance remains “key” following a marginal improvement in profits for July, according to dealer profitability specialist ASE. Last year dealers saw losses of £1,600 for July but July 2019 saw a swing of just under £2,000 to bring dealers into profit. “The profitability improvement was once again driving by the contribution from… Continue reading Dealers deliver ‘marginal’ improvement in profits for July
Toyota plans post-Brexit pause at Burnaston factory
Toyota Staff at Derbyshire plant will not work on 1 November amid fears of no-deal disruption New Toyota cars are transported from the Burnaston plant in Derbyshire. Photograph: Darren Staples/Reuters Toyota is planning to halt production at its factory in Burnaston on 1 November in anticipation of possible disruption to deliveries of parts, amid growing… Continue reading Toyota plans post-Brexit pause at Burnaston factory
Peugeot workers target Brexit spoils
With the no-deal risk rising after Johnson decided to suspend parliament, France, Spain, Germany or Portugal are poised to mop up work if an accord with the European Union can’t be reached. Autoworkers in continental Europe are angling to snatch Vauxhall production that owner PSA Group plans to move out of the U.K. if Prime… Continue reading Peugeot workers target Brexit spoils