Tag: Brexit

UPDATE 3-BMW plans to cut costs after warning on profits

MUNICH (Reuters) – BMW expects group pretax profit to fall by more than 10 percent this year and plans a sweeping 12 billion euro ($13.6 billion) savings and efficiency plan to help offset higher technology investment and currency costs. The German carmaker last week reported a 7.9 percent fall in 2018 operating profit and said… Continue reading UPDATE 3-BMW plans to cut costs after warning on profits

Autocar confidential: Volkswagen ditches diesel V8, car makers bored of Brexit and more…

The Geneva motor show saw countless new cars revealed and a number of important announcements from the world’s biggest car makers. What it also gave us is some suitably gossip-worthy snippets of motoring news, including the reasons behind Skoda’s late arrival, the delay faced by EV buyers in the UK and more.  VW’s final diesel… Continue reading Autocar confidential: Volkswagen ditches diesel V8, car makers bored of Brexit and more…

UPDATE 1-BMW still preparing for no-deal after UK parliament backs Brexit delay

(Adds details) By Costas Pitas LONDON, March 15 (Reuters) – German carmaker BMW is continuing to prepare for a “worst-case scenario” no-deal Brexit after lawmakers voted to seek a delay to Britain’s exit from the European Union. BMW builds over 15 percent of Britain’s 1.5 million cars, making Minis at a factory in Oxford and… Continue reading UPDATE 1-BMW still preparing for no-deal after UK parliament backs Brexit delay

BMW still preparing for no-deal after UK parliament backs Brexit delay

LONDON, March 15 (Reuters) – German carmaker BMW is continuing to prepare for a no-deal Brexit, which it said was the worst-case scenario, after British lawmakers voted overwhelmingly to seek a delay to Britain’s exit from the European Union. “As a responsible employer, we must therefore continue to prepare for the worst-case scenario, which is… Continue reading BMW still preparing for no-deal after UK parliament backs Brexit delay

Jaguar Land Rover recalls 44,000 cars

Jaguar Land Rover is recalling 44,000 cars in the UK over carbon dioxide emissions, the car maker has said. Regulators found 10 models were emitting more of the greenhouse gas than they had been certified to emit. The car maker will contact owners to arrange repairs, a JLR spokeswoman said. JLR is facing a number… Continue reading Jaguar Land Rover recalls 44,000 cars

Infiniti to quit Europe, end car manufacturing at Nissan’s Sunderland plant – Sunday Times Driving

NISSAN’S sister brand Infiniti is to end production of its cars at the Sunderland car plant and quit Western Europe as part of a global restructuring plan. The premium car maker says it will withdraw in order to focus on its “growth markets”, including North America and China. Normal operations will continue in Eastern Europe,… Continue reading Infiniti to quit Europe, end car manufacturing at Nissan’s Sunderland plant – Sunday Times Driving

Bentley production would be hit by hard Brexit, VW CEO says – Automotive News Europe

Volkswagen Group CEO Herbert Diess said a no-deal Brexit might mean the automaker’s UK-based Bentley brand would need to plan new investments in other countries. Asked in an interview with German broadcaster n-tv whether VW would relocate Bentley production if there was a hard Brexit, Diess said that would not be possible on a larger… Continue reading Bentley production would be hit by hard Brexit, VW CEO says – Automotive News Europe

Aston Martin boss Andy Palmer hits back at the doubters – BBC News

Media playback is unsupported on your device The boss of Aston Martin Lagonda has delivered a passionate defence of the company’s strategy amid signs some city investors are losing faith. Andy Palmer said the company will prove the sceptics wrong, as he stressed the luxury carmaker’s long-term plans and importance to UK manufacturing. Aston Martin’s… Continue reading Aston Martin boss Andy Palmer hits back at the doubters – BBC News