This is probably the first time, across all sectors, that an industrialist also directly links an operational decision on the United Kingdom to the conclusion of a divorce agreement with the EU. PSA warned Thursday that it would entrust the manufacture of its future Astra to its factory Vauxhall Ellesmere Port, Wales, a two-pronged condition:… Continue reading PSA links the fate of a British factory to a Brexit agreement
Tag: Brexit
Jaguar Land Rover boss: settling Brexit will be good for us
Settling Brexit could be positive for UK sales for Jaguar and Land Rover in Britain, according to Rawdon Glover, the firm’s UK managing director. Despite a difficult sales year for the brands, both have shown upswings – driven in part by new model launches – in the UK despite economic uncertainty prompted by the ongoing… Continue reading Jaguar Land Rover boss: settling Brexit will be good for us
UPDATE 1-Peugeot issues Brexit ultimatum on new car investment
FILE PHOTO: A PSA Group logo is seen behind a car displayed during French carmaker’s news conference as they announce the company’s 2018 results at their headquarters in Rueil-Malmaison, near Paris, France, February 26, 2019. REUTERS/Christian Hartmann/File Photo LONDON/PARIS (Reuters) – French carmaker Peugeot (PEUP.PA) said on Thursday it plans to build its new Astra… Continue reading UPDATE 1-Peugeot issues Brexit ultimatum on new car investment
PSA Group delivers Ellesmere Port Brexit ultimatum as Ford cuts 12,000 jobs
PSA Group has said that its plans to produce the next generation Vauxhall Astra hatchback at Ellesmere Port are dependent on the final terms of Brexit and the acceptance of a “New Vehicle Agreement” by the Unite trade union. The French carmaker announced this afternoon that its plant in Russelsheim, Germany, will manufacture Astra and… Continue reading PSA Group delivers Ellesmere Port Brexit ultimatum as Ford cuts 12,000 jobs
Carmaker PSA to decide on new Ellesmere work after final Brexit terms
FILE PHOTO: A Vauxhall car is parked outside Vauxhall’s plant in Ellesmere Port, Britain, March 6, 2017. REUTERS/Phil Noble LONDON/PARIS (Reuters) – French carmaker PSA (PEUP.PA) said on Thursday that a final decision on whether to build its next generation Astra model at Ellesmere Port would depend on the final terms of Britain’s departure from… Continue reading Carmaker PSA to decide on new Ellesmere work after final Brexit terms
Press Releases – Auto industry revises 2019 car sales forecast to -1%
Brussels, 27 June 2019 – In the side-lines of its annual general meeting in Brussels today, the European Automobile Manufacturers’ Association (ACEA) revised its forecast for 2019 passenger car registrations downwards to -1%. ACEA’s initial forecast, published earlier this year, was for growth of up to 1% compared to 2018. The association now expects a… Continue reading Press Releases – Auto industry revises 2019 car sales forecast to -1%
APPOINTMENTS TO THE EXECUTIVE COMMITTEE OF RCI BANK AND SERVICES
RCI Bank and Services is changing its organization structure. It has created a Group Compliance Division, effective from July 1, 2019. Jean-Louis Labauge has been appointed Chief Compliance Officer and a member of the Executive Committee. He reports to Bruno Kintzinger, CEO. Frédéric Schneider has been appointed Vice President, Sales and Marketing of… Continue reading APPOINTMENTS TO THE EXECUTIVE COMMITTEE OF RCI BANK AND SERVICES
No-deal Brexit ‘will cost UK car manufacturers extra £70m a day’
Automotive industry SMMT also warns car price will go up by average of £1,500 if UK leaves EU with no agreement The Ford engine plant in Bridgend, Wales, which is set to close. Photograph: Dimitris Legakis/Athena Pictures The cost of car manufacturing will go up £70m a day if the UK leaves the EU without… Continue reading No-deal Brexit ‘will cost UK car manufacturers extra £70m a day’
Átalakuló járműipar
*/ ]]> A Magyarországon Jelen lévő legnagyobb Járműipari vállalatok, a beszállító kis- és középvállalkozások, az utánpótlásképzésért felelős Felsőoktatási intézmények és a kormányzat képviselői is a legmagasabb szinten képviseltették magukat a Hungarian Befektetési Ügynökség (HIPA) által immáron hatodik alkalommal megrendezett Járműipari találkozóján. A rendezvény célja, hogy a szektor képviselői számára lehetőséget adjós autógyártás jelenének és továbblépési… Continue reading Átalakuló járműipar
Jaguar Land Rover’s stunning turnaround is under threat
The classically British automotive brands Jaguar and Land Rover had seen their fortunes soar under the stewardship of the Indian auto company Tata Motors.
But now that legacy is under threat.
Land Rover's market in China has been shrinking, Jaguar has a portfolio heavy on less-popular cars, and the fallout from Brexit threatens to raise prices on supplies Jaguar Land Rover uses to make vehicles.
Jaguar Land Rover's performance peaked in mid-2016, CIMB analyst Pramod Amthe told CNBC.
Since then, a slowdown in JLR's China market has been perhaps the biggest factor behind the company's woes. JLR has said its Chinese business is struggling due to challenging market conditions. But one report from Automotive News said the company was battling quality-control issues in the country.
“We feel the worst is nearly there in JLR performance,” Amthe said. “Management efforts to cut costs and turn around have started yielding results in UK and USA. But China is taking longer than expected to revive.”