Tag: Brexit

Aston Martin boss says Brexit delay would prolong uncertainty

LONDON (Reuters) – A delay to Brexit would be a “further annoyance” which would prolong uncertainty, the boss of luxury carmaker Aston Martin told Reuters after Prime Minister Theresa May promised to give lawmakers a vote on extending the date Britain leaves the EU. FILE PHOTO: Andy Palmer, CEO of Aston Martin poses for a… Continue reading Aston Martin boss says Brexit delay would prolong uncertainty

News – No-deal Brexit and US tariff threat, combined with CO2 targets, make 2019 a challenging year

Europe’s automobile industry will face some fundamental challenges this year. These include the looming prospect of a no-deal Brexit, the ever-present threat of US tariffs on car imports from the EU, as well as meeting stringent CO2 targets – both those for 2020 and the recently-agreed post-2020 targets for cars, vans and trucks. Given the… Continue reading News – No-deal Brexit and US tariff threat, combined with CO2 targets, make 2019 a challenging year

BMW says piecemeal Brexit delays ‘not good’ for its four UK plants

Brexit Stop-start approach to Brexit could disrupt UK business, says head of purchasing BMW has already prepared for Brexit, including shutting a Mini plant in Oxford during April. Photograph: Gabriel Bouys/AFP/Getty Images BMW has said piecemeal delays to Brexit “would not be good” for the carmaker, spelling more uncertainty for its four UK plants. Andreas… Continue reading BMW says piecemeal Brexit delays ‘not good’ for its four UK plants

Vauxhall says it won’t shy away from the ‘dark side’ in no-deal Brexit

Vauxhall Chief executive issues warning of ‘unpopular decisions’ including factory closures The Astra production line at Vauxhall’s Ellesmere Port plant. Photograph: Matthew Howell/Vauxhall The chief executive of Vauxhall owner PSA Group said the carmaker would not shy away from unpopular decisions, including shutting factories, if there is a no-deal Brexit. Carlos Tavares said PSA has… Continue reading Vauxhall says it won’t shy away from the ‘dark side’ in no-deal Brexit

May met Ineos chair for off-roader talks as tax row loomed – Sky News

By Mark Kleinman, City editor Theresa May has held private talks with the Ineos founder Sir Jim Ratcliffe, Britain’s richest man, about his blueprint for a new off-road vehicle amid growing scrutiny of his personal tax affairs. Sky News has learnt that Sir Jim met the prime minister and Greg Clark, the business secretary, late… Continue reading May met Ineos chair for off-roader talks as tax row loomed – Sky News

UPDATE 1-VW could sell smaller trucks stake if markets in a spin – sources

FRANKFURT (Reuters) – Volkswagen could sell a smaller stake in its Traton trucks division than expected if markets are shaken by Brexit, two sources familiar with the matter told Reuters on Monday. FILE PHOTO: The logo of Volkswagen’s truck unit Traton, former Volkswagen Truck & Bus AG, is pictured in Hanover, Germany September 19, 2018.… Continue reading UPDATE 1-VW could sell smaller trucks stake if markets in a spin – sources

‘Fanciful’ to say Honda didn’t consider Brexit when closing Swindon

Brexit Sir David Warren, former British ambassador to Tokyo, says UK-Japan trade and investment ‘held hostage’ by Conservatives’ internal politics Takahiro Hachigo, president of Honda, bows before a press conference in Tokyo on Tuesday. Photograph: Tomohiro Ohsumi/Getty Images Claims that Brexit had nothing to do with Honda closing its only UK manufacturing plant are “fanciful”,… Continue reading ‘Fanciful’ to say Honda didn’t consider Brexit when closing Swindon

Carmakers quitting Britain won’t blame Brexit – it’s not in their interest | Phillip Inman

Opinion Automotive industry Carmakers quitting Britain won’t blame Brexit – it’s not in their interest Phillip Inman Business leaders know that mentioning the B-word just isn’t worth the risk of souring consumer sentiment New vehicles leave the Honda plant in Swindon. Photograph: Adrian Dennis/AFP/Getty Images In 2012 a wave of anti-Japanese nationalism griped China. Angry… Continue reading Carmakers quitting Britain won’t blame Brexit – it’s not in their interest | Phillip Inman

Porsche asks UK buyers to commit to 10% no-deal Brexit surcharge

Porsche Company says move is a precaution in case WTO tariffs apply to EU-UK trade Porsche’s production line in Leipzig, Germany. Photograph: Matthias Rietschel/Reuters Porsche is asking British customers to sign a contract committing them to pay a surcharge of up to 10% of their vehicles’ purchase price if there is a no-deal Brexit. Cars… Continue reading Porsche asks UK buyers to commit to 10% no-deal Brexit surcharge