Tag: Brexit

Michelin : Michelin announces sales of €5.8 billion, an increase of 9.3% at constant exchange rates. 2019 guidance confirmed

PRESS RELEASEClermont-Ferrand, France – April 24, 2019COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELINFinancial information for the three months ended March 31, 2019First-quarter 2019: In difficult markets, Michelin announces sales of €5.8 billion, an increase of 9.3% at constant exchange rates, led by a robust price-mix and a strong contribution from newly acquired businesses.2019 guidance confirmedA resilient performance… Continue reading Michelin : Michelin announces sales of €5.8 billion, an increase of 9.3% at constant exchange rates. 2019 guidance confirmed

Heritage Automotive acquires Blade Motor Group and Blade Motorcycles

Heritage Automotive has grown its Volkswagen Group representation and its presence in the motor-cycle sector with the acquisition Blade Motor Group and Blade Motorcycles for an undisclosed sum. Three Skoda, two Seat and Audi, Volkswagen and Honda dealerships are part of the acquisition which grows the AM100’s 86th-placed, £155 million turnover car franchise group’s influence… Continue reading Heritage Automotive acquires Blade Motor Group and Blade Motorcycles

Ferrari CEO confident on plan’s targets despite uncertain backdrop

FILE PHOTO: The logo of Ferrari is pictured during the first press day of the Paris auto show, in Paris, France, October 2, 2018. REUTERS/Benoit Tessier/File Photo AMSTERDAM (Reuters) – The chief executive of luxury race car maker Ferrari said on Friday he was confident about meeting the targets of a business plan through 2022… Continue reading Ferrari CEO confident on plan’s targets despite uncertain backdrop

UK car production could halve in no-deal Brexit scenario – study

Automotive industry With investment down 80% in past three years, industry faces ‘death by a thousand cuts’ The Jaguar Land Rover factory in Solihull. The company has issued a warning about a no-deal Brexit. Photograph: Getty Car production in Britain could collapse by almost half by the mid-2020s in a no-deal Brexit scenario, with plant… Continue reading UK car production could halve in no-deal Brexit scenario – study

Jaguar Land Rover begins Brexit shutdown as sales fall

Jaguar Land Rover UK’s main manufacturing sites, employing 18,500 people, closed from Monday to Friday Jaguar Land Rover sold 578,915 vehicles globally in the year to March, down 5.8%, and the carmaker blames weaker demand in China. Photograph: Leon Neal/Getty Images Jaguar Land Rover has begun its week-long factory shutdown as part of its plans… Continue reading Jaguar Land Rover begins Brexit shutdown as sales fall

Sales of new cars fall as UK consumers continue to shun diesel

Automotive industry Brexit chaos also behind slow sales in March, traditionally a strong month in the industry The number of new car registrations fell by 3.4% to 458,054 in a crucial plate change month. Photograph: Anna Gowthorpe/PA Sales of new cars fell last month as UK consumers shunned diesel vehicles and Brexit chaos deterred buyers… Continue reading Sales of new cars fall as UK consumers continue to shun diesel

Car manufacturer: Opel brings the Astra back to Rüsselsheim

MunichThe car maker Opel fight at his headquarters in Rüsselsheim with high overcapacity – in the development as in production. Because the production of the family van Zafira Tourer expires in the summer, the situation threatens to worsen. Because then rolls only in Hesse OpelFlagship Insignia off the line. Rüsselsheim urgently needs a second model… Continue reading Car manufacturer: Opel brings the Astra back to Rüsselsheim