Daimler CEO Dieter Zetsche talks to Handelsblatt. Dieter Zetsche, chief executive of Germany’s largest luxury carmaker, spent an hour reflecting on where he and the company are heading in an interview in Stuttgart’s Mercedes-Benz museum. With two million cars sold, countless ideas about the future of mobility and his own new, more casual image, Mr.… Continue reading Handelsblatt Interview: The World According to Zetsche – Handelsblatt Global Edition
Tag: Brexit
Brexit: what are carmakers’ contingency plans?
Brexit Brexit: what are carmakers’ contingency plans? From stockpiling to Nissan’s U-turn on making new model in the UK, here’s what firms are doing More than 1.5m cars were made in the UK last year. Photograph: Cath Levett/The Guardian UK-based carmakers have triggered a wave of Brexit contingency plans, with Nissan the latest manufacturer to… Continue reading Brexit: what are carmakers’ contingency plans?
UK offered Nissan Brexit assurances, 80 million pounds for car investment
LONDON (Reuters) – Britain promised Nissan up to 80 million pounds ($104 million) of support and offered Brexit-related assurances to help secure a major investment from the Japanese carmaker in 2016, according to a well-guarded letter released on Monday. FILE PHOTO: Nissan car plant in Sunderland, northern England, June 24, 2010. REUTERS/Nigel Roddis/File Photo Nissan… Continue reading UK offered Nissan Brexit assurances, 80 million pounds for car investment
Honda plans to front-load UK production ahead of Brexit
TOKYO (Reuters) – Braced for a possible logistical nightmare when Britain leaves the European Union in March, Honda Motor Co Ltd said on Friday it was preparing to front-load some production at its plant in the country to ship overseas or build up inventories. The Honda logo is seen on a Honda car displayed at… Continue reading Honda plans to front-load UK production ahead of Brexit
UPDATE 1-Ferrari’s CEO “bullish” about earnings, shares jump
MILAN (Reuters) – Ferrari expects growth in core earnings to accelerate to 10 percent this year and Chief Executive Louis Camilleri said he might raise targets for 2020, betting on new models and special editions at premium prices to lure customers. FILE PHOTO – A group of Ferrari owners park their cars to show on… Continue reading UPDATE 1-Ferrari’s CEO “bullish” about earnings, shares jump
Will Brexit kill the British car industry?
The latest UK car manufacturing figures are “deeply depressing” according to Mike Hawes, the chief executive of the Society of Motor Manufacturers and Traders, the automotive industry’s mouthpiece in the UK. If that doesn’t give you a clue to the current sentiment, not much else will. UK car sales fell 6.8% in 2018. UK car… Continue reading Will Brexit kill the British car industry?
Britain’s luxury automakers prepare for worst as Brexit looms – Automotive News Europe
Britain would suffer most if it lost free trade with European markets since 80 percent of vehicles assembled in the country are exported, mostly to the European Union. But for Germany the stakes are also high. In 2016, Britain was the largest single export market for German manufacturers, who sold 800,000 new cars there, or… Continue reading Britain’s luxury automakers prepare for worst as Brexit looms – Automotive News Europe
SUVs hardest hit as used car values fall in January
Used car values dropped 0.7% in January as dealers saw lower retail demand for vehicles priced over £12,000. The drop was larger than the seasonal trend, where over the last five years the movement in Black Book Live for January was an average of -0.4%. A downward trend was seen for all mainstream sectors, but… Continue reading SUVs hardest hit as used car values fall in January
Ford says no-deal Brexit would mean costs of $800m in 2019 alone
Ford Carmaker fears delays at border, weaker economic outlook and tariffs on trade Ford has major operations in the UK, including factories in Merseyside, Dagenham and Bridgend that employ more than 5,500 workers. Photograph: Carl Court/Getty Images Ford has predicted that a no-deal Brexit will result in costs of $800m (£612m) during 2019 alone, in… Continue reading Ford says no-deal Brexit would mean costs of $800m in 2019 alone
Jaguar Land Rover to halt production for a week in April due to Brexit
FILE PHOTO: Signs are seen outside the Jaguar Land Rover plant at Halewood in Liverpool, northern England, September 12 , 2016. REUTERS/Phil Noble/File Photo LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover said on Thursday there would be a week-long pause in production in April due to potential disruption from Brexit which would affect… Continue reading Jaguar Land Rover to halt production for a week in April due to Brexit