➤ 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
Tag: Brexit
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
Vauxhall announces pricing for new Astra facelift – AM
Vauxhall has confirmed the new Astra will be priced from £18,885 when it goes on sale in UK car dealerships on August 1. The facelifted model will be offered in five-door hatchback and Sports Tourer bodystyles and introduces a brand-new range of RDE2-compliant engines. News of the new models’ specification comes in a week when its… Continue reading Vauxhall announces pricing for new Astra facelift – AM
PSA Group re-states Brexit warning for Vauxhall Ellesmere Port plant – AM
PSA Group chairman and chief executive Carlos Tavares has re-stated the French carmaker’s warning that Vauxhall’s Ellesmere Port plant could be closed if Brexit makes it unprofitable. In an interview with the Financial Times Tavares said that Vauxhall, “has another plant in mind” if the conditions of Brexit are “unfavourable”. “Frankly I would prefer to… Continue reading PSA Group re-states Brexit warning for Vauxhall Ellesmere Port plant – AM
Dealers see 5% uplift in volumes of cars for servicing
Dealerships have reported a boost in aftersales activity in the first half of 2019. The average dealership saw a 5% year-on-year increase in the number of vehicles presented at its service department between January and June, with the figure rising from 1,570 to 1,649 vehicles, according to data from electronic vehicle health check provider autoVHC.… Continue reading Dealers see 5% uplift in volumes of cars for servicing
Ineos Bridgend factory talks “very advanced”, minister claims – Autocar
Ineos turned over £43 billion in 2017, making a £3.8bn profit. It has plans to invest around £700 million in a chosen site for the Grenadier. The company has previously stated that it’s open to a number of possible solutions; it could share a facility with another company, convert a used plant or build a new one. “We’d originally said our desire is to… Continue reading Ineos Bridgend factory talks “very advanced”, minister claims – Autocar
Billionaire Sir Jim Ratcliffe close to deal to build new 4×4 in UK – This is Money
Billionaire Sir Jim Ratcliffe is on the verge of striking a deal to make his new Land Rover Defender-style vehicle in South Wales, officials say. The Mail on Sunday revealed in June that Ineos Automotive, the car-making arm of Ratcliffe’s sprawling empire, was considering a deal to build a new 4×4 in a plant next… Continue reading Billionaire Sir Jim Ratcliffe close to deal to build new 4×4 in UK – This is Money
S&P reaffirms B+ rating on Tata Motors with negative outlook
The ratings agency, however, cautioned that it may lower the ratings by one notch if it sees diminishing prospects of turnaround at JLR. NEW DELHI: Ratings agency S&P has reaffirmed Tata Motors‘ long-term issuer and issue credit ratings to be ‘vulnerable to nonpayment’ while keeping the outlook negative. S&P Global Ratings said it has reaffirmed… Continue reading S&P reaffirms B+ rating on Tata Motors with negative outlook