Tag: Brexit

JLR cutting vehicle output by 7,000 after sales tumble – Coventry Telegraph

Jaguar Land Rover has told suppliers it is going to cut its vehicle output at its Halewood plant. This is due to their weak global sales which are down by eight per cent so far this financial year. The car-maker is thought to have said it will cut production by 7,000 vehicles at the Merseyside… Continue reading JLR cutting vehicle output by 7,000 after sales tumble – Coventry Telegraph

BMW should buy Jaguar Land Rover from Tata Group, Bernstein says

Buying JLR for 9 billion pounds ($11.2 billion) could add 20% to BMW’s earnings By Anurag Kotoky We need to talk about Jaguar Land Rover. That’s the message from Sanford C. Bernstein analysts, who say BMW AG should buy the British luxury brand from India’s Tata Motors Ltd. “BMW is overcapitalised and awash with cash.… Continue reading BMW should buy Jaguar Land Rover from Tata Group, Bernstein says

The CO2 hangover – as the automakers present at the IAA: Vegan appetizers instead of Kobe beef – not only VW is thinking about the IAA

AFP VW boss Herbert Diess, electric car ID.3 at the IAA: It’s all a little smaller The fan of this IAA stands directly in front of the Frankfurt Festhalle: a huge, black balloon with a big CO2 imprint. The environmentalists of Greenpeace thus demonstrate against the high pollutant emissions of SUVs. The balloon holds around… Continue reading The CO2 hangover – as the automakers present at the IAA: Vegan appetizers instead of Kobe beef – not only VW is thinking about the IAA

BMW warns a no-deal Brexit would mean Mini production cut in Oxford affecting UK jobs – iNews

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

‘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