Tag: Brexit

Brexit: Toyota warns its UK plants in jeopardy under no-deal – The Irish Times

Toyota has warned a no-deal Brexit, in which a 10 per cent tariff on exports under World Trade Organisation (WTO) terms apply, would put its future UK manufacturing operations in doubt. A senior executive also warned that any prolonged disruption at the ports “would inevitably lead to a production stop, probably within days”. In a… Continue reading Brexit: Toyota warns its UK plants in jeopardy under no-deal – The Irish Times

RMI calls Brexit deal ‘vital’ to future of UK dealers

The Retail Motor Industry Federation (RMI) has called on Government to provide clarity on future trade with EU for automotive retailers. RMI chairman Peter Johnson, speaking at this year’s 106th Retail Motor Industry Federation annual dinner, said: “It is vital that the government agrees a Brexit deal with the EU. If it cannot, then prices… Continue reading RMI calls Brexit deal ‘vital’ to future of UK dealers

Friday Morning Auto News, Oct 11, 2019

Porsche and Boeing partner on electric flying vehicle – Automotive News: Porsche wants to expand into the “third dimension of travel” by developing a flying vehicle capable of transporting people in congested cities.
Renault CEO ouster marks fresh start from Ghosn era – Automotive News: It took just three days to topple Renault CEO Thierry Bollore, giving the automaker and its estranged partner, Nissan, a clean sheet to ponder how to revive trust in their alliance and redistribute the balance of power.
Renault board wields the CEO axe – the week – Just-Auto: News Renault has dismissed Thierry Bollore as CEO with immediate effect, ending a week of intense speculation concerning the future of the automaker’s top management, is likely to draw a lot of eyeballs to just-auto from about now.
Hydrogen is still a mystery to drivers, but Toyota plans 10 times more cars – LATimes: Hydrogen is still a mystery to drivers, but Toyota plans 10 times more cars Los Angeles Times
Lengthy UAW strike at GM to cost $1.5 billion: Credit Suisse – Reuters: Lengthy UAW strike at GM to cost $1.5 billion: Credit Suisse
Ford’s Q3 China vehicle sales down 30% – Automotive News: Third-quarter sales of the automaker’s mass-market Ford brand fell 38 percent in China, while its luxury division Lincoln saw sales drop by 24 percent.

Renault ousts CEO in post Ghosn-era reset – Reuters: Renault ousts CEO in post Ghosn-era reset Reuters Canada
They Say He Lost $320 Million on Bad Oil Trades. He Says Documents Show Otherwise – Bloomberg: The Chinese oil trader fired by Mitsubishi Corp. for allegedly losing $320 million in unauthorized trading said company documents that detail how the …
China’s Trade Chief Returns to Trump’s Oval Stage With Eyes on Deal – Bloomberg: Car warning | Nissan issued its starkest warning yet against a no-deal Brexit, saying any tariffs on auto exports to the European Union are likely to render its U.K. … Trade war fallout | Japan’s economy is losing momentum as 2020 … balance for September; Oct. 15: U.S. to raise tariffs on Chinese imports …
Business Is Thrilling Again. Enjoy the Spectacle, From a Distance. – New York Times: “Super Pumped,” the new book about Uber, the ride hailing giant, written by my colleague Mike Isaac, has become one of my favorites. He described …
Uber faces UK tax challenge – Reuters: Uber Technologies Inc says the UK is seeking to classify the company as a transportation provider, potentially opening it up to new tax charges that could weigh heavily on its business, according to UK accounts filings in recent days.
Nissan’s new CEO is no Ghosn, but that’s the point – Automotive News: Nissan’s new CEO is no Ghosn, but that’s the point
Uber launches boat service in Nigeria’s megacity Lagos – Reuters: Global ride-hailing firm Uber Technologies Inc [UBER.UL] on Friday launched a pilot test of a boat service in Nigeria’s commercial capital Lagos to attract commuters seeking to avoid the megacity’s notoriously congested roads.
SpaceX needs to put people into space. NASA’s deadline is looming – LATimes: Two weeks ago, the head of NASA seemed sick of waiting for SpaceX and Boeing Co. to finish developing the capsules that are supposed to carry …
Porsche and Boeing to develop flying car concept – Autocar: Porsche and Boeing have released this image of a flying car Two firms will explore the viabilit…
Future cars: Toyota doubles down, Dyson gives up – Reuters: Different visions of future mobility: Toyota doubles down on hydrogen fuel cell vehicles, but James Dyson pulls the plug on plans for an electric car.
Factbox: Renault’s new top executive committee – Reuters: Below are some facts on some of the new top executives appointed at Renault on Friday.
Hyundai invests in US road mapping company Netradyne – Just-Auto: Hyundai Cradle, which Hyundai Motor Group describes as its corporate venturing and open innovation business, in early October said it was investing in US fleet safety management software company Netradyne to gain access to the firm’s more than 350m miles of detailed road mapping data.
Hyundai, Kia earmark $760 million to settle U.S. lawsuits over engine fires – Reuters: Hyundai Motor Co and affiliate Kia Motors Corp have earmarked a total of 900 billion won ($757.86 million) to settle U.S. class action litigation and address engine-related issues in the United States and South Korea.
Geely’s September sales show a silver lining to some – Nikkei: Among Geely’s rivals, Guangzhou Automobile Group has reported a 3% fall in sales for the first eight months of 2019 while those for Dongfeng Motor …
Renault names Delbos as interim CEO to replace Bollore – Reuters: French carmaker Renault on Friday named Clotilde Delbos at interim chief executive after ending the tenure of Thierry Bollore following a boardroom vote.
Toyota LQ concept is self-driving electric hatchback – Autocar: Toyota LQ concept is self-driving electric hatchback
Hyundai Motor, Kia Motors agree to settle U.S. engine defect lawsuits – Reuters: South Korea’s Hyundai Motor Co and affiliate Kia Motors Corp on Friday said they have agreed to resolve class action litigation with U.S. owners of certain vehicles over engine fire risks.
Toyota RAV4 Plug-in hybrid set for LA show debut – Autocar: New version of fifth-generation SUV will offer expanded battery size, range and power Toyota will…

Related

No-deal Brexit tariffs would be unsustainable for Nissan in Europe

SUNDERLAND, England, Oct 10 (Reuters) – No-deal Brexit tariffs of 10% on cars would be unsustainable for Nissan in Europe, where the carmaker's operations include a British and Spanish plant, the Japanese firm warned on Thursday.
Nissan made nearly one in three of Britain's 1.5 million cars last year at its northern English Sunderland factory, although annual production levels at the site will drop this year.
The car industry, Britain's biggest exporter of goods, is concerned that World Trade Organisation tariffs of 10% on vehicles alongside new customs checks and delays could halt production if there is a disorderly Brexit on Oct. 31.
“That will represent a significant cost increase on our vehicles that will have to face the competition in Europe and they won't be affordable,” the firm's European Chairman Gianluca de Ficchy told reporters.
“If there will be a no-deal and a no-deal will be associated with WTO tariffs application, that won't be sustainable ..

Nissan: no-deal Brexit would jeopardise entire European business model

Brexit Imposition of WTO tariffs on exports could put Sunderland plant at risk, says chair Workers on the production line in Sunderland, where Nissan employs 6,000 people. Photograph: Christopher Thomond/The Guardian A no-deal Brexit would put Nissan’s entire European business model in jeopardy, the car manufacturer has said in its strongest warning yet over the… Continue reading Nissan: no-deal Brexit would jeopardise entire European business model

No-deal Brexit ‘to jeopardise’ Nissan Europe arm

Japanese carmaker Nissan has warned that a no-deal Brexit would make its European business model unsustainable. The firm’s chairman, Gianluca de Ficchy, said if a 10% export tariff was introduced after the UK left the EU it would put its operations in “jeopardy”. This would be case if the UK moved to World Trade Organization… Continue reading No-deal Brexit ‘to jeopardise’ Nissan Europe arm

Nissan says European operations unsustainable with no-deal Brexit tariffs

SUNDERLAND, England, Oct 10 (Reuters) – Nissan’s European operations, which include plants in Britain and Spain, will not be sustainable if Britain’s departure from the European Union leads to 10% tariffs on vehicles, the firm’s European Chairman Gianluca de Ficchy told reporters on Thursday. (Reporting by Costas Pitas, Editing by Paul Sandle) Our Standards:The Thomson… Continue reading Nissan says European operations unsustainable with no-deal Brexit tariffs

Nissan to start building new Juke car at UK plant as Brexit looms

SUNDERLAND, England, Oct 10 (Reuters) – Nissan said it will begin making the next-generation Juke vehicle at Britain’s biggest car plant on Monday, just over two weeks before a possible no-deal Brexit which the industry has warned could bring production to a halt. Nissan decided in 2015, before the 2016 referendum was even held, to… Continue reading Nissan to start building new Juke car at UK plant as Brexit looms

Tesla Model 3 takes over the UK with a record quarter

Tesla had another record month and quarter of deliveries in the UK, thanks to Model 3, which is quickly becoming a best-selling car in the market. Tesla’s sales of Model S and Model X vehicles grew steadily in the UK, but they peaked in 2017, with 4,756 units based on registration data. Last year, Tesla… Continue reading Tesla Model 3 takes over the UK with a record quarter